Accumulation Benefit Rider Perhaps you would like to protect your assets from market risk in retirement, and allow them to grow, but are not yet sure if you will use them for income or to provide a legacy benefit to your loved ones. The Accumulation Benefit Rider allows your assets to participate in potential market growth with the protection of a 0% floor, and gives you the flexibility to choose between income or death benefit options when you are ready to. If you like the sound of this approach, we would recommend exploring the flexibility of the Accumulation Benefit Rider ! HOW DOES THE ACCUMULATION BENEFIT RIDER WORK? The Accumulation Benefit Rider offers both income and legacy options through its “Benefit Base”. The Benefit Base is used to calculate your guaranteed stream of income payments and the death benefit to your beneficiaries. This benefit base is not available for withdrawal. The Accumulation Benefit Rider Benefit Base grows by earning an interest rate that is equal to 175% of the interest applied to the account value for the first Roll-up period of 10 years. The accumulation on the account value and Benefit Base gives you the option to receive income once the policy is issued, as long as you have reached age 50, or to pass it along as a legacy benefit to family. For income, your GLWB payments are calculated by taking payout factors specific to the Accumulation Benefit Rider and multiplying them by the Benefit Base.
Net Interest Rate credited to the Account Value (Guaranteed to be a minimum of 2.75%)
Interest Credited to the Benefit Base
x
=
175%
RIDER BENEFITS: • The Accumulation Benefit Rider is the only Guaranteed Income Annuity rider with zero fees. • The GLWB income benefits may begin anytime once the owner has reached age 50. • A one-time bonus up to 10% 6 of the purchase premium will be credited to the account value and the benefit base on the policy date. • Your beneficiary has the option to choose from one of the following payout methods: Lump sum payout of account value or 80% of the Benefit Base (whichever is greater), or have 100% of the Benefit Base paid out over 5 years. • 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. • 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.
6 Bonus is dependent on age - please check with your agent for more information. Please see the Guaranteed Income Annuity, Accumulation Benefit Rider insert for more information.
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