Increase your interest potential with Rate Booster. For more upside potential, you can opt to get a Rate Booster, which is available with all indexed crediting options. Rate Booster crediting options provide higher participation rates and caps for an annual fee. * However, Rate Booster only benefits interest crediting during periods where interest is credited to that strategy. If no indexed interest is credited for that period, Rate Booster will have no effect. The charge for Rate Booster occurs for every crediting period, regardless of whether interest is credited.
Grow Your Retirement Savings Tax-Deferred.
If your retirement savings were in a standard savings account, you would be required to pay income tax on any interest you earned each year. And chances are, you are paying a higher tax rate on the interest now than you would be paying if you were retired. By putting your retirement savings into an annuity like Income Driver 7, your money can earn interest and have the potential to grow tax-deferred until withdrawn or received as income. When you are ready to begin regular withdrawals in retirement, your tax bill may be reduced if you are in a lower tax bracket at that time. Annuities owned by trusts or corporate entities may not enjoy the tax- deferral feature.
The Benefit of Tax Deferred Growth 5
20 YEARS 30 YEARS
156,051
160,458
Taxable Account Tax-Deferred Account
194,939
207,045
* Rate Booster is optional and available for all indexing strategies. Money allocated to a Rate Booster strategy has a 1% annual charge deducted from its accumulation value.
TC139026(0124)3
10
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