Choose the GLIR that's right for you. Both the Standard GLIR and the No-Charge GLIR provide a guaranteed lifetime income. You can choose the GLIR that works best for you when you purchase the Income Driver 7 annuity. Here’s the difference between the two. Standard GLIR 2
No-Charge GLIR The No-Charge GLIR Benefit Calculation Base builds at an 10% simple roll-up rate until you activate the GLIR or after 10 years, whichever comes first.
The Standard GLIR credits an upfront 25% bonus to the Benefit Calculation Base. Then, the Benefit Calculation Base grows at an 10% simple roll-up rate until you activate the GLIR or after 10 years, whichever comes first.
Meet Henry *
Meet Connie *
Connie wants the maximum predictable guaranteed lifetime income possible between the two GLIR options. To get the Benefit Calculation Bonus, she is willing to pay an annual fee. She purchases an Income Driver 7 annuity with the Standard GLIR . Here’s how her GLIR will build and provide lifetime income at age 65.
Henry is not sure if he will use an income rider but wants the option of predictable guaranteed lifetime income if his situation changes. He purchases an Income Driver 7 annuity with the No-Charge GLIR . Here’s how his GLIR will build and provide lifetime income at age 65, if he chooses to activate it.
Connie’s Benefit Calculation Base grows by 10% every year for up to 10 years, or until the GLIR is activated, whichever comes first. If she activates the GLIR after year 7, she will receive at least $ , in guaranteed income every year for the rest of her life.
If the accumulation value of her policy is
Henry’s Benefit Calculation Base grows by 10% every year for up to 10 years, or until the GLIR is activated, whichever comes first. If he activates the GLIR after year 7, he will receive at least $, in guaranteed income every year for the rest of his life.
If the accumulation value of her policy is higher than the Benefit Calculation Base, his guaranteed income will be higher, because it will be based on the higher of the two numbers.
higher than the Benefit Calculation Base, her guaranteed income will be higher, because it will be based on the higher of the two numbers.
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Initial 25% Bonus
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Connie's Age
Henry's Age
Benefit Calculation Bonus: 25% of Initial Premium = $50,000
*Not a real customer
**The Benefit Calculation Base is not a value that can be withdrawn.
TC139026(0124)3
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