Annuitization In a process known as annuitization, you may turn your full accumulation value into a lifetime income stream. Unlike payouts from a Guaranteed Lifetime Withdrawal Benefit (GLWB) rider, or income rider, annuitization cancels all other features and benefits of your ApexAdvantage policy and converts the policy’s value into a series of payments. You may annuitize ApexAdvantage at any time up to the maximum maturity date shown on your policy. However, if you select annuitization prior to the fifth policy year, surrender charges may apply. ApexAdvantage offers several annuity options for disbursement of your annuity payments, including Life Income and Installment Payments. For installment options, you can choose to receive equal annual, semiannual, quarterly, or monthly annuity payments over your lifetime or for the number of years selected (from five to 30 years).
Mount Fuji, Central Honshu, Japan
9 APEX ADVANTAGE | MODIFIED SINGLE PREMIUM DEFERRED INDEX ANNUITY
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