DEATH BENEFIT
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Leave a legacy for your heirs YOU WANT TO LEAVE BEHIND MORE THAN A MEMORY—ENSURE A LEGACY FOR YOUR HEIRS. It’s great that your fixed annuity comes with guaranteed principal preservation, interest rates, and tax advantages—but what happens to all your money after you pass on? How will your loved ones avoid probate and estate taxes, and get the full benefit of your legacy? Make it simple and cost-effective for your heirs with a standard death benefit included with Jackson fixed annuities: • Beneficiaries receive a payout equal to the accumulated value of the annuity if you pass away before income distributions begin. • If you’ve begun receiving income, the amount paid to beneficiaries will depend on the provisions of the annuity contract and income option selected. Keep in mind that withdrawals not related to income distributions can affect the accumulated value and the death benefit. Payment is made directly to your beneficiary, avoiding the costs and delays of probate. And there are no withdrawal charges on death benefit payments.
Two ways to benefit your beneficiaries:
“Stretch” your legacy Put your money to work for those you love after you’re gone with the nonqualified stretch option. Beneficiaries of nonqualified annuities can “stretch” distributions over a period not to exceed their life expectancy—and take advantage of continued tax-deferred growth potential. These payments give you greater flexibility and control while also satisfying IRS requirements.
Preselected death benefit A beneficiary designation capability allows you to control how your legacy will be paid to your heirs. Depending on each beneficiary’s unique circumstances you can make specific designations as to how your death benefit will be disbursed to each individual. This feature is available with nonqualified and IRA contracts only.
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