A single premium immediate annuity that offers optional features that can help provide additional income offers:
- A guaranteed lifetime income
- Access to your money when you need it*
- 10% or 20% payment increase based on your health condition
- Optional benefits that can help meet your individual needs (for more information, see below)
For a free consultation about annuities, find an agent.
Who needs this?
Income Access may be right for you if you are:
At retirement
- Currently utilizing income from your retirement investments
- Need to replace income from your regular paycheck
- Require funding for your current living expenses
Nearing retirement
- Want to fund an early retirement
- Require a supplement income
Optional Benefits**
- Guaranteed minimum death benefit – the policy pays the greater of premiums not already paid or 10 percent of the initial premium
- Nursing home rider – increases payments by 50 percent if policyowner is confined to a nursing home
- Survivor continuation option – payments are tied to the policyowner and selected survivor
- Inflation protection/Cost of living adjustment option – payments are increased by 3 percent a year to keep pace with inflation
* Withdrawals made before age 59 1/2 may be subject to federal income tax penalties
** All optional benefits are subject to state availability
