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Income 150+ fixed index annuity offers benefits to help clients generate income for retirement and provide additional income for a qualifying healthcare need.1
The Withdrawal Base is a numerical value used to calculate your clients’ retirement income.2 Before taking retirement income, their Withdrawal Base grows by guaranteed amounts known as “Income Boosts”,3 which actually begin with a day one 20% bonus. The bonuses in years 2-5 add another 7.5% annually.4 If income is delayed until year 10, they’ll get an additional bonus equal to 150% of the interest credits they’ve earned for the first nine years of the annuity contract, adjusted for withdrawals.
Income 150+ also features the Income Enhancement Benefit.1 This built-in benefit provides your clients with double income, for up to five years5, if they face healthcare needs and are certified by a healthcare professional as being unable to perform at least two of the six Activities of Daily Living (ADLs).6 Once the income enhancement benefit ends, their income continues at the original guaranteed amount.
Income is provided through annual guaranteed lifetime withdrawal amounts, known as Lifetime Annual Payments (LAP). The LAP amount is based on age upon activation and whether single or joint life is elected. Income 150+ offers joint income for spouses, for 0.50% less of the stated lifetime withdrawal percentage for single income.
One-Year Monthly Point-to-Point with Cap
One-Year Point-to-Point with Cap
One-Year Point-to-Point with Participation Rate
One-Year Point-to-Point with Performance Trigger
Two-Year Point-to-Point with Spread
One-Year Fixed Rate
Franklin US Index