SYMETRA STRIDE FIXED INDEXED ANNUITY
15
Determining your maximum amount
The maximum amount is the amount you can withdraw each year, regardless of your remaining contract value. It’s calculated when you purchase a Symetra Stride contract and is based on your age (which determines your withdrawal percentage) and the benefit base.
Benefit base is a calculation that helps determine your maximum amount. It is separate from your contract value and is often higher than your contract value. It is initially equal to your purchase payment and increases each year by a roll-up percentage that compounds for up to 10 years (as long as you defer withdrawal payments).
Consider this hypothetical example:
Assume you purchase Symetra Stride with $100,000. You plan to wait two years to start taking lifetime withdrawals, your withdrawal percentage is 5% , and the roll-up percentage is 7% . Withdrawal percentage x benefit base = maximum amount
Calculating the benefit base amount Signature Withdrawal Benefit uses a compound roll-up formula to determine the benefit base.
End of first year
End of second year
Determine the roll-up amount by multiplying your purchase payment by the roll-up percentage.
Determine the roll-up amount by multiplying the previous benefit base by the roll-up percentage.
$100,000 x 7% = $7,000
$107,000 x 7% = $7,490
Step 1
Step 1
Determine the benefit base by adding the roll-up amount to your purchase payment.
Determine the benefit base by adding the roll-up amount to the previous benefit base.
$100,000 + $7,000 = $107,000
$107,000 + $7,490 = $114,490
Step 2
Step 2
Your maximum amount would be: 5% x $114,490 = $5,724.50 annually This amount would be guaranteed for life, even if your contract value is withdrawn to $0 (assuming no previous withdrawals or withdrawals in excess of this amount). Withdrawals can begin at any time after your first contract year.
This hypothetical example is for illustrative purposes only. Actual amounts may differ. Refer to the withdrawal percentage chart for current information.
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