RIDERS:
With the Guaranteed Income Annuity, you are given three different benefit riders tochoose from, each designed to help you achieve your retirement goals. Select the rider that best suits your needs.
Perhaps what you are aiming to do with your retirement is provide your funds an opportunity to grow with minimum risk while receiving the benefits of the other riders. If so, we would recommend selecting the Accumulation Benefit Rider. Your Benefit Base interest rate is 175% of interest applied to the Accumulation Value for the first roll-up period of 10 years. This is also the only rider with zero fees!
Effective 06/08/2020
10 Year | |||||||
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Premium Bonus |
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1st Year Rate | 1.00% (with subsequent purchase premium) | ||||||
Current Rate Guarantee | 2 Yrs | ||||||
Index/Benchmark | LIBOR | ||||||
Optional Riders and Cost |
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10 Year |
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Premium Bonus | GLWB Rider: | 8.00% | |
Legacy Rider: | 10.00% for issue ages under 71 5.00% for issue ages 71-80 3.00% for issue ages 81-85 | ||
Accum Rider: | 10.00% for issue ages under 71 8.00% for issue ages 71-80 6.00% for issue ages 81-85 |
1st Year Rate | 1.00% (with subsequent purchase premium) |
Current Rate Guarantee | 2 Yrs |
Index/Benchmark | LIBOR |
Optional Riders and Cost | GLWB Rider: | 1.25% fee years 1-5, 1.60% fee years 6-10 (10 year contract) | |
Legacy Benefit Rider | 1.25% fee years 1-5, 1.60% fee years 6-10 (10 year contract) | ||
Accumulation Rider | No Fee |