MultiVantage®
Renewal Option Flexibility Before the close of the initial GRO period, Integrity Life or National Integrity Life will notify you of your renewal options (no new application is required). When a GRO period ends, your options are to: \ Choose a new 4-, 5-, 7- or 10-year GRO period, 4 locking in a new interest rate and a new withdrawal charge. (10-year GRO not available at renewal with New York contracts.) \ Do nothing and your account value automatically transfers to the 1-year guarantee period at the current interest rate with no withdrawal charge. \ Integrity Life or National Integrity Life guarantees a minimum interest rate as defined in your contract. One GRO renewal is guaranteed. Additional GRO renewals may be available thereafter.
Initial Renewal Options
Choose a 4-, 5-, 7- or 10-year GRO 4,5
Do Nothing
• New long-term rate and guarantee periods • Receive a new interest rate enhancement • New withdrawal charge period
Your account value will automatically transfer to the 1-year guarantee period at the current interest rate with the following: • No market value adjustment (MVA) • No withdrawal charge • Transfers to longer-term rates and guarantees permitted • Partial annuitizations permitted
(10-year GRO not available at renewal with New York contracts.)
Tax-Deferred Growth Interest earnings grow tax-deferred until withdrawn, usually at retirement age. The account value grows faster than it would in a currently taxed alternative paying the same interest rate. 6 Death Benefit Protection 7 \ At the death of the owner during the deferral period, Integrity Life or National Integrity Life guarantees that the designated beneficiary who survives the owner’s death will receive the account value as of the date the death claim is processed. \ Death benefit proceeds will be paid directly to the beneficiary without the delay and expense of probate. No withdrawal charge or MVA applies. Income Options for Future Security Choose scheduled payments guaranteed to continue for a lifetime, with a 10-year period certain (single or joint). Other options may be available. Income payment guarantees are backed by the claims-paying ability of Integrity Life or National Integrity life.
4 GRO periods cannot be selected beyond maturity date. Account value must be at least $5,000 for GRO renewal election. 5 In FL, for age 65 or older at issue, no withdrawal charges are permitted after 10 contract years, therefore GRO renewal options will be limited. 6 If you own an annuity through a qualified plan or IRA, no added tax-deferred advantages exist. 7 Before a full annuity option is elected.
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