CUSTOMIZE YOUR ANNUITY BASED ON YOUR SPECIFIC NEEDS AND GOALS
NASSAU PERSONAL PROTECTION CHOICE GIVES YOU FLEXIBILITY TO COMBINE THE BENEFITS THAT ARE MOST IMPORTANT TO YOU. 1
STEP 1: CHOOSE YOUR INCOME PROTECTION STRATEGY Nassau Personal Protection Choice offers a choice of optional guaranteed lifetime withdrawal benefit riders that can provide you with a stream of income for life. 2 Whether you want to begin your guaranteed income immediately or at a future date, each rider offers competitive income enhancing features to maximize your potential guaranteed benefits. Your guaranteed income amount will depend on your Benefit Base, age at issue, age at rider exercise and whether you elect a Single or Spousal benefit. $150,000 $145,000
$137,500
$130,000
These hypothetical examples are meant only to demonstrate how the riders are designed to work and are not a promise or projection of future returns. Assumes an initial premium of $100,000 and no prior withdrawals. Income Strategy: Today assumes an upfront bonus to the Benefit Base of 30% of premium and subsequent increases of 7.5% of premium in years 2 and 3. When expressed based on the initial adjusted Benefit Base of $130,000 subsequent increases in years 2 and 3 are 5.77%. Income Strategy: Tomorrow assumes 14% simple interest roll-ups to the Benefit Base in years 1-10. Your income guarantee is determined by multiplying your Benefit Base by a withdrawal factor at rider exercise. INCOME STRATEGY: TOMORROW • 14% simple interest roll-ups grow Benefit Base for first 10 years, if no guaranteed income withdrawals are taken Depending on when you would like to begin taking income, you may elect one of the options below: INCOME STRATEGY: TODAY • Cumulative bonus up to 45% boosts the Benefit Base in years 1-3 if no withdrawals are taken • Additional 3% simple interest roll-ups in years 3-10 if no guaranteed income withdrawals are taken
100,000
50,000
Year 1
Year 2
Year 3
Contract Year
Benefit Base
Initial Premium
$250,000
$240,000
200,000
150,000
100,000
50,000
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Contract Year
Benefit Base
Initial Premium
The Income Benefit Base is a calculated value used solely to determine your guaranteed lifetime income payment and rider fee and is not available for withdrawal. Prior to exercising your rider, you can help to maximize your potential guaranteed lifetime income payment by minimizing withdrawals as all withdrawals, including free withdrawals and Required Minimum Distributions (RMDs), are taken from your annuity’s contract value and will also reduce the Income Benefit Base. After beginning the rider’s guaranteed payments, be sure to withdraw only amounts up to the guaranteed lifetime income amount or RMD associated with the contract, otherwise the Income Benefit Base and future guaranteed income will be reduced. The annual fee for the rider is 0.95% of the Income Benefit Base, deducted from the contract value. 1. R ider is elected at the time of contract and involves an additional fee (a percentage of your Benefit Base deducted annually from contract value). Youngest Covered Person (YCP) must be at least 50 in order to purchase a rider in Maryland. 2. L ifetime payment guarantees are based on the claims-paying ability of the insurance company, and only payments, not contract values, are guaranteed. RIDER RESTART FEATURE If you find that you do not need income during the roll-up period, you can elect to restart a new roll-up period and further grow your Benefit Base. At the time of election, a new roll-up rate (which may be higher or lower than the current rate) and rider fee (not to exceed 1.5%) are determined.
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