What sets MNL Income Planning Annuity apart?
Quite simply, it’s the lifetime payment increase that makes the MNL Income Planning Annuity so meaningful as part of your retirement plan. With the lifetime payment increase, your guaranteed income payment increases each birthday you wait to turn on income. Lifetime payment increase The MNL Income Planning Annuity gives you the option to start income immediately . However, the longer you wait to start income, the higher your lifetime payment amount will be. Waiting each additional birthday increases your future payout by 9.5% . 1
See how the annual 9.5% lifetime payment increase impacts your guaranteed income
Assumptions: Purchased with $100,000 in premium at age 65, turning on income at age 73. Assumes no withdrawals have been taken prior to lifetime income election.
Regardless of age at issue, waiting to turn on income for 8 years will double your lifetime payment amount due to the annual 9.5% lifetime payment increase.
“Wait for 8”
9.5%
9.5%
9.5%
9.5%
9.5%
$14,243
9.5%
9.5%
9.5%
9.5%
9.5%
$6,891
At issue
Birthday 1
Birthday 2
Birthday 3
Birthday 4
Birthday 5
Birthday 6
Birthday 7
Birthday 8
Birthday 9
Birthday 10
Hypothetical examples and illustrations are for illustrative and educational purposes only and not intended to predict future performance. The use of alternate assumptions could produce significantly different results.
While you wait, your account value continues to capture growth potential from index options linked to the stock market. Fixed index annuities are not a direct investment in the stock market. They provide the potential for interest to be credited based in part on the performance of specific indices, without the risk of loss of premium due to market downturns or fluctuation.
1. After year 10, the annual lifetime payment increase is 2.00% until the minimum of year 25 or attained age 80.
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