Increasing Income Option. If you’d like your income payments to help keep pace with rising costs by increasing each year, you can select the Increasing Income Option. Your initial lifetime income payment will be lower with this option than without it but will increase each year thereafter by the percentage you select (2%, 3% or 4%). The Increasing Income Option is only available for contracts in which each owner is at least 59½ at the time income payments begin. This option must be elected at issue and is irrevocable, subject to federal Tax Code limitations.

Increasing Income Option. If you’d like your income payments to help keep pace with rising costs by increasing each year, you can select the Increasing Income Option. Your initial lifetime income payment will be lower with this option than without it but will increase each year thereafter by the percentage you select (2%, 3% or 4%). The Increasing Income Option is only available for contracts in which each owner is at least 59½ at the time income payments begin. This option must be elected at issue and is irrevocable, subject to federal Tax Code limitations.

Prior to the Income Start Date, the death benefit is at least the return of total Purchase Payments. The death benefit will be paid on the death of the last surviving Annuitant prior to Income Start Date. Joint Owners/Annuitants must be spouses at issue. Prior to the Income Start Date, Spousal Continuation will be automatically applied for Lifetime Income for Two Income Options. If the Joint Owners or Joint Annuitants are no longer spouses, upon the death of the first Joint Owner or Joint Annuitant prior to the Income Start Date, the surviving Joint Owner or Joint Annuitant must begin Income Payments within 12 months of the date of death.

Increasing Income Option. If you’d like your income payments to help keep pace with rising costs by increasing each year, you can select the Increasing Income Option. Your initial lifetime income payment will be lower with this option than without it but will increase each year thereafter by the percentage you select (2%, 3% or 4%). The Increasing Income Option is only available for contracts in which each owner is at least 59½ at the time income payments begin. This option must be elected at issue and is irrevocable, subject to federal Tax Code limitations.