Is Safe Income Advantage a good option for you? Many Americans use their monthly annuity income to cover essential living expenses in retirement — like food, shelter and taxes. Knowing guaranteed income is there to help cover those routine expenses can create a sense of safety in retirement.
3 reasons you may consider Safe Income Advantage
With Safe Income Advantage you get: Rapid, guaranteed growth to your income base Guaranteed income that you can start tomorrow (age 50 and up) and can’t outlive Ability to give yourself an annual pay raise 1 in retirement, if you choose Increased payment amount if you become impaired Penalty-free access to your account value for terminal illness or qualified in-home or nursing home care 2 Tax-deferred growth 3 The ability to maintain control over your annuity savings (payments without annuitization)
Build an income base Get a guaranteed annual growth rate.
Never lose value due to a market downturn. Reliable stream of lifetime income 4 Your lifetime income payments are calculated based on your annuity’s income base. Know your payment percentage today based on how long you plan to wait to turn income on and your age when you do. Your payments will never run out no matter how long you live, even if your account value is depleted. 5 Choose level or increasing payments, including an income option with its growth tied to inflation, to help maintain your spending power. In case of the unexpected Impairment multiplier 6 can increase lifetime payment amount by double if, after year 1, you are ever unable to perform two out of six activities of daily living. Plus, unlock 100% of your account value in the event of terminal illness, qualifying in-home or nursing home care. 2 Consult the SOU for complete details.
1 Increasing income payments will stop when the account value becomes $0. 2 Subject to state availability. Nursing home and home health care not available in MA. 3 You pay taxes only when you make withdrawals and receive income in the future. 4 For a fee. 5 The level of Guaranteed Withdrawal Payment amount is guaranteed for life as long as no Excess Withdrawals are taken. Excess Withdrawals will reduce the Guaranteed Withdrawal Payment amount, and in some cases, reduce it to zero, terminating the contract. 6 If specific qualifications for impairment are met (see rider for details) and the account value is greater than zero, withdrawal payments increase by 2X (1.5X if joint contract). Feature is subject to state availability. The annuitant is eligible for EGMWB given they have attained age 60 and the rider has been in place for 3 years.
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Fidelity & Guaranty Life Insurance Company
ADV2780 (03-2022)
Rev. 11-2023 23-1448
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