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.

If your needs change, you have the ability to move your income start date twice – by a maximum of five years in either direction with the Change of Income Start Date Feature. If you choose to wait a little longer, you can receive more income per year, and if you decide to begin income payments early, you’ll get less. But you will know from the day you purchase what those income payments will be, so you can make an informed decision. This feature is only available with income options that include either a cash refund or a guarantee period.

Designed to help give you access to your money when you need it, the Flexible Income Feature lets you take a portion of your income earlier or later than your original income start date. Just divide your income into two segments, choosing how much (10% – 90%) of your income payments you’d like to take and when you’d like to take them. Both start dates need to be within the 10-year window (five years prior and five years after your original income start date). This feature is only available with income options that include either a cash refund or a guarantee period.

Designed to help give you access to your money when you need it, the Flexible Income Feature lets you take a portion of your income earlier or later than your original income start date. Just divide your income into two segments, choosing how much (10% – 90%) of your income payments you’d like to take and when you’d like to take them. Both start dates need to be within the 10-year window (five years prior and five years after your original income start date). This feature is only available with income options that include either a cash refund or a guarantee period.

Designed to help give you access to your money when you need it, the Flexible Income Feature lets you take a portion of your income earlier or later than your original income start date. Just divide your income into two segments, choosing how much (10% – 90%) of your income payments you’d like to take and when you’d like to take them. Both start dates need to be within the 10-year window (five years prior and five years after your original income start date). This feature is only available with income options that include either a cash refund or a guarantee period.