Guaranteed Lifetime Withdrawal Benefit Rider 2
The Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider was designed to provide a guaranteed stream of income that you can never outlive. With its 11% bonus, 8.5% roll-up rate and guaranteed lifetime payments, the GLWB Rider may be a good choice if you are looking for consistent, guaranteed lifetime income. PREDICTABLE INCOME FOR YOUR LIFETIME
HOW DOES THE GLWB RIDER WORK? Income Account Value
The Income Account Value is used to calculate the annual income benefit, once elected. It is not an amount that may be withdrawn and is not payable on death.
Annual Compound Roll-up Rate
The Income Account Value earns an annual compound roll-up rate of 8.5% for the first 10 years. If the roll-up is renewed after 10 years, the minimum roll-up rate is guaranteed to be at least 2% at the time of renewal.
Payout Factors
The amount of income you can withdraw annually is equal to the Income Account Value multiplied by the Payout Factor corresponding to your age when income starts .
RIDER BENEFITS: The Guaranteed Income Annuity’s GLWB Rider provides a number of income benefits to policyholders: • The GLWB income benefits may begin anytime once the owner has reached age 50. • The Income Account Value is immediately credited a one-time 11% bonus for a higher starting point for growth. • The Income Account Value compounds annually by an 8.5% roll-up rate, which is guaranteed for 10 years. • You can never outlive the Guaranteed Lifetime Withdraw Benefit once income benefits begin. • Once income benefits begin, you can still receive income even if the accumulation value of your policy is ZERO. Withdrawals in addition to your income payments may reduce or eliminate your Lifetime Annual Income. • If at any point you become unable to perform at least two of the six basic activities of daily living, the Home Healthcare Increase Benefit feature of this rider will allow you to double the Guaranteed Lifetime Withdrawal Benefit you receive for up to five years, at no additional cost.
2 This rider is available for a fee. Please see the Guaranteed Income Annuity, Guaranteed Lifetime Withdrawal Benefit Rider insert for more information. 3
ACLGIABR-OT 062523
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