CORE INCOME 7® ANNUITY
Lifetime income with opportunities for increases
Annual payout percentage increase
Level Income Increasing Income
Core Income 7 ® and the Core Income Benefit rider can help you reduce uncertainty in the years ahead. If you’re still saving for retirement and not ready to start lifetime income, Core Income 7 ® provides i ncreasing income withdrawal percentages every year you wait, beginning at age 45. The higher your withdrawal percentage, the higher your income will be. And when you’re ready to start receiving income, you can choose from two lifetime income withdrawal options to suit your income needs: • Level Income: Predictable, dependable income for life. This may be a good choice if you want the reassurance of knowing exactly how much income you’ll receive every month and if you want a guaranteed stream of income that you can’t outlive. • Increasing Income: Income for life – plus an opportunity for payment increases. This offers a smaller payment up front, but it has the potential to increase each year by the interest rate credited to your chosen allocation options in your contract.
Age at issue
Single Joint Single Joint 50 or less 5.30% 4.80% 4.20% 3.70%
0.45% 0.45% 0.45% 0.45% 0.45% 0.50% 0.50% 0.50% 0.50% 0.50% 0.55% 0.55% 0.55% 0.55% 0.55% 0.60% 0.60% 0.60% 0.60% 0.60% 0.65% 0.65% 0.65% 0.65% 0.65% 0.70% 0.70% 0.70% 0.70% 0.70% 0.75%
51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80
5.40% 4.90% 4.30% 3.80% 5.50% 5.00% 4.40% 3.90% 5.60% 5.10% 4.50% 4.00% 5.70% 5.20% 4.60% 4.10% 5.80% 5.30% 4.70% 4.20% 5.90% 5.40% 4.80% 4.30% 6.00% 5.50% 4.90% 4.40% 6.10% 5.60% 5.00% 4.50% 6.20% 5.70% 5.10% 4.60% 6.30% 5.80% 5.20% 4.70% 6.40% 5.90% 5.30% 4.80% 6.50% 6.00% 5.40% 4.90% 6.60% 6.10% 5.50% 5.00% 6.70% 6.20% 5.60% 5.10% 6.80% 6.30% 5.70% 5.20% 6.90% 6.40% 5.80% 5.30% 7.00% 6.50% 5.90% 5.40% 7.10% 6.60% 6.00% 5.50% 7.20% 6.70% 6.10% 5.60% 7.30% 6.80% 6.20% 5.70% 7.40% 6.90% 6.30% 5.80% 7.50% 7.00% 6.40% 5.90% 7.60% 7.10% 6.50% 6.00% 7.70% 7.20% 6.60% 6.10% 7.80% 7.30% 6.70% 6.20% 7.90% 7.40% 6.80% 6.30% 8.00% 7.50% 6.90% 6.40% 8.10% 7.60% 7.00% 6.50% 8.20% 7.70% 7.10% 6.60% 8.30% 7.80% 7.20% 6.70%
Your financial professional can help you choose which withdrawal option suits your retirement goals.
This chart compares both options available through the Core Income Benefit rider. It shows the lifetime withdrawal base percentages and the annual increases to a contract’s lifetime withdrawal percentage, based on the payment option and on the age at which the contract was purchased.
Lifetime income withdrawals can begin on your next contract anniversary between age 50 and 100. If joint lifetime withdrawals are chosen, the age of the younger person will be used.
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