Optional Income Rider. 3. Benefit from a powerful combination of growth potential, principal protection and guaranteed lifetime income. Symetra Life Insurance Company is a direct subsidiary of Symetra Financial Corporation. Income Edge Flexis an optional income rider that gives you a way to receive regular income payments from your Spirit Bonus Fixed Annuity. Issued by: Athene Annuity and Life Company, West Des Moines, IA. Income Edge [form AIR (Rev.10/06), AIR (Rev.9/07) or state variation], an optional rider for which an annual premium is charged, and the Income Select Bonus [form FPIAX (01/08) or … SOA Antitrust Disclaimer SOA Presentation Disclaimer 4 Withdrawals prior to age 59½ may be subject to a 10% IRS penalty. With an Athene Income Preferred Bonus Fixed Indexed Annuity, you can save more money for retirement income. Income Edge Flex The Polaris Income Plus Daily® Flex rider comes with the same fee. Please see the Certificate of Disclosure for more information. In addition to taking periodic or Free Withdrawals, Athene Ascent 10 Bonus provides you with options for lifetime income. This versatile product includes a built-in Income and Death Benefit rider at no additional charge. Key Features Athene Performance Elite Plus 10 also provides an enhanced Premium Bonus, which will give an immediate increase to your annuity’s Accumulated Value. 5 Limitations, variations and exclusions apply. Lifetime Income. 3 An additional feature automatically locks in every daily high point of the accumulation strategy, providing an opportunity for continued income growth after 10 years. 1 Income Preferred Series and Income Edge Plus Rider availability by state This map shows availability for Income Preferred Series base products only. Nationwide High Point 365® Lifetime Income Rider with Purchase Payment Bonus Offers the certainty of a guaranteed roll-up, as well as the opportunity for greater growth potential the longer you wait to annuitize, while providing the flexibility to begin income after only one full contract year. ... You can use a fixed annuity to do more than just generate retirement income. Blueprint Income specializes in simple fixed and income annuities and delivers the best digital experience in the industry. Option 2 — Guaranteed Growth plus Interest Credits. The actual amount varies depending on the insurance company, as well as the type of annuity, but it generally falls between 0.25% and 1.00% per year. 55703 Revised Income Preferred Series and Income Edge Plus Rider availability by state This map shows availability for Income Preferred Series base products only. New York Life Clear Income Fixed Annuity–FP Series1 requires a hefty $50,000 minimum. Athene Agility’s market-leading product design opens the door to … AGILE INCOME, with the potential for annual increases client’s chosen index strategies Core Income Advantage Select is named “Guaranteed Withdrawal Benefit X Rider–Single Life” and “Guaranteed Withdrawal Benefit X Rider–Joint Life” in the contract rider. Income Rider Ascent Income Rider Crediting Options Option 1: Guaranteed Growth or Option 2: Guaranteed Growth, Plus Interest Credits Income Base The Initial Income Base is equal to the Initial Premium plus Income Base bonus. Box 34690, Seattle, WA 98124. Annuity Riders Explained. For Agent Use Only. This Rider allows you to elect Lifetime Income Withdrawals to generate a stream of income you can never outlive. Assured Edge Income Rider Lifetime Income Builder: Thrivent: MYGA. Simply put, Income Edge Flex is an optional rider that can give you the flexibility to receive regular income payments from your Spirit Series Fixed Annuity without annuitizing the contract. Athene Agility is designed to deliver strong income and growth potential plus liquidity. This brochure must be accompanied by the corresponding Product Details insert that describes the withdrawal charges, premium bonus recapture charges and any applicable market value adjustment for your contract. The Family Endowment Rider ® Max (FER™ Max), an optional rider available with BCA 12 2.0 for an additional charge, offers an Enhanced Death Benefit guaranteed to grow daily at a 2% compound annual rate plus 100% of any Interest Earnings, credited every two years. The amount usually ranges between 3% and 5%, with the contract holder’s age being one of the determining factors. Other factors include whether the guaranteed payment covers one person’s lifetime or includes a second individual. Fixed Index Annuities (FIAs) are on the rise. 5 Limitations, variations and exclusions apply. 1 Can be added, for an additional cost, to a Nationwide New Heights Fixed Indexed Annuity, if suitable. Multi-Year Guarantee Annuities (MYGA) Protect and grow your savings. Contract form number is ICC14_RC1 in most states. May 15, 2015. will be issued as applied for. If there are additional fees, they are usually very low — often only 10 basis points a year on top of the lifetime income rider fee ... including a 50 percent-plus hike in 2012. Polaris Income Plus Daily FlexSM Polaris Income Plus FlexSM Issue Ages 45-80 45-80 Feature Overview Opportunity to lock in to the Income Base potential daily investment gains for guaranteed lifetime income, with the assurance of an annually increasing Minimum Income Base before you begin taking lifetime income withdrawals1,2 only applied on the contract anniversary for a limited number of contract anniversaries after Lifetime Income Benefits have commenced. Contract form number is ICC14_RC1 in most states. MAX. The differentiator for this annuity is its option income rider which credits clients with a bonus for funding the contract, as well as annual deposits based on the rider interest rate. 2. income and accumulation solutions. Income and Death Benefit Rider — included, no additional charge Issue Ages 40-83 Benefit Base Bonus 25% Benefit Base Growth The Benefit Base1 is equal to the Initial Premium, plus … Besides, the Agility 10 comes with a 10-year surrender schedule and we normally suggest staying in the 5 to the 7 … With an Athene Income Preferred Bonus Fixed Indexed Annuity, you can worry less about market fluctuations. Your money is not directly exposed to the risks of the stock market or individual stocks. Rather, interest is credited to your annuity through “strategies.” Male 60, Max Increasing Single Payout: Allianz Core Income 7 – 5.75%. 1035 exchanges, IRA rollovers) received by Athene no later than 4 The 95 basis point fee equals $950 annually on a $100,000 account value. Required Minimum Distribution (RMD) Request; Systematic Withdrawal Form; Withdrawal Request; Withdrawal Request - Tax Sheltered Annuity (TSA) Income Rider Withdrawal Request for BPA Income ; Income Rider Withdrawal Request for Fixed Products Athene Velocity has a built in Income Rider that grows at 150% of Interest Earnings, if any, minus the Annual Strategy Charge, if applicable. 55703 Revised: 06/06/2015 Income Preferred Series and Income Edge Plus Rider availability by state This map shows availability for Income Preferred Series base products only. So don't wait, register now. This versatile product includes a built-in Income and Death Benefit rider at no additional charge. MyGrowth Income Rider (Level) Athene Annuity & Life (Annexus) Fixed Indexed Annuity. This income base will accumulate, based on the income rider that you select. Income Rider Election to Restart the Accumulation Years - 01/17 - 55572. Lifetime Income Benefit Rider or Annuitization? Athene Performance Elite Plus annuities include a Liquidity Rider, for an annual charge, that gives you additional flexibility should the need arise. • Non-cash applications (e.g. Among them may be the choice between a lifetime income benefit rider and annuitization. The vision for their retail business is to be the fixed annuity market leader with a strong capital base and efficient operating model. See separate map for optional rider availability. ATHENE … Bonus Control Benefit 360 Benefit Rider Core Income Benefit ABC, Allianz Benefit Control 360 Core Income 7 30-80 NY No additional rider fee 1.30% of the accumulation value, deducted on a monthly basis from the 1.25% of the accumulation value, deducted on a monthly basis from the accumulation value. Rider Name Lifetime Income Benefit Rider (LIBR) Lifetime Income Builder GLWB EGLWB Income Edge Plus Roll‐up See below 6% Comp 6.5% Comp 6.5% Comp 6.0% Comp Max Deferral Period for Growth See below 20 yrs 10 yrs 10 yrs 12 yrs* Cost See below .75 bps 1.25 bps 1.50 bps.95 bps MyGrowth Income Rider (Level) Athene Annuity & Life (Annexus) Fixed Indexed Annuity. Option 1 — Guaranteed Growth. Max Life term insurance (Max life smart secure plus plan) comes with a terminal illness benefit that entitles you, the insured person, to the sum assured of up to Rs. Lincoln Optiblend 10 w/ LIB – 7.34%. Annuities allow you to take a lump sum today and create a steady stream of income paid monthly, quarterly or yearly. It is one of the industry’s fastest-growing writers of fixed indexed annuities. The Athene Income Select Bonus is a fixed index annuity that gives you choices of interest crediting strategies to take advantage of stronger market conditions, while at the same time, providing guarantees that will protect your retirement savings during down market conditions. By blending market upside with downside protection, index annuities can help provide the income you need to stay on the retirement fairway. Rider Name Lifetime Income Plus Flex Assured Edge Income Achiever Assured Edge Income Builder - NY Product Available Power 7 or 10 Protector Plus Income Assured Edge Income Achiever / Not an FIA, this is a fixed productAssured Edge Income Builder / Not an FIA, this is a fixed product Age / Premium 50 50-80 / $25,000 Predictable growth with a strong Guaranteed Simple Interest Rate. In this example, a male age 61 invests $100,000 in the Athene Ascent 10 Bonus 2.0 Fixed Indexed Annuity and plans to defer it until age 66 when he retires. DEFINITION: Rider: An amendment to an insurance policy that has the effect of either expanding or restricting the policy’s benefits or excluding certain conditions from coverage. Request Product Details. Income Preferred Application deadlines • Applications with cash received by Athene no later than 4 pm Central time on . Lifeguard Freedom Flex. Income Withdrawal: May … Athene fixed indexed annuities may also include or offer optional riders that can be purchased for a charge. Athene Agility is designed to deliver strong income and growth potential plus liquidity. Income Edge Plus Rider Charge Increasing on New Sales . 2. Athene Performance Elite . Immediate fixed income annuities have a $10,000 minimum, but you can add a plus one and cost of living adjustment. Brokers Edge can now help contracted producers create a customized presentation to show clients and prospects possible strategies to create their ongoing retirement paycheck, while protecting and growing their nest egg at the same time. See the Income Edge Flexproduct brochure for more details. Effective Monday, December 15, 2014 the Income Edge Plus rider charge will increase from 95 bps to 100 bps on all new sales within the Income Preferred product series. 1 crore, in case of diagnosis of a disease. It can be a great way to add pension-like income … Annuities are issued by Symetra Life Insurance Company, 777 108th Ave NE, Suite 1200, Bellevue, WA 98004. Because it has a competitive income rider built-in at no cost the cap, and participation rates are lower than they are on Athene’s other annuity products. A long-term care rider is an optional benefit you can add to an annuity contract that helps cover long-term care expenses. In Idaho the form number is: RSC-0536/ID 4/18. Rider features vary by product, and can offer benefits like lifetime income, increased liquidity, or a death benefit option. Optional benefits are available for an additional cost. The company is essentially focused entirely on annuity products, as it offers index-linked contracts, fixed contracts and immediate contracts. Athene Ascent 10 Bonus Inc Rider – 7.36%. Income Benefit Rider Election and Service Request Form - TargetPay and TargetPay Plus Withdrawal Request Forms. Annual Liquidity Rider Charge Rate (Plus only) ... such as lifetime income and a Death Benefit. Athene Performance Elite Plus annuities include a Liquidity Rider, for an annual charge, that gives you additional flexibility should the need arise. Also, an income base will be set up for your rider. Athene Agility’s market-leading product design opens the door to … AGILE INCOME, with the potential for annual increases client’s chosen index strategies Athene ATH has agreed to merge with Apollo Global Management APO in an $11 billion all-stock deal.The transaction, pending approval, is expected to be completed in … Only one optional guaranteed minimum withdrawal benefit (GMWB) can be purchased on a variable annuity. ABSLI Assured Income Plus is a non-linked non-participating individual life insurance savings plan that offers the following benefits: Long-Term Income: Get guaranteed regular income for a period of 20, 25 or 30 years to ensure fulfilment of your recurring needs in the long term. Withdrawals are subject to income tax, and withdrawals before age 59½ may be subject to a 10% federal tax penalty. Optional Income Rider. To go one step further, Annuity Hub wanted to be able to take personal goals and direct the consumer toward actual reputable companies and products based on … Annuity Payout Options On the Annuity Date (when your annuity matures), Athene Ascent 10 Bonus gives you options to receive guaranteed lifetime income. Income Rider Withdrawal and Service Request - BPA, BAA, BCA - 11/19 - 17411. Nassau Personal Income Annuity is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or Standard & Poor’s Financial Services LLC and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index. Income Plus (Option 2) FlexChoice Expedite. Mailing address is P.O. In New York, annuities and life insurance are issued by First Symetra National Life Insurance Company of New York, New York, NY. What a Lifetime Income Benefit Rider Costs. Annuities have limitations. Blueprint Income is appointed to sell products from more than 30 insurers. How the Athene Ascent Annuity Income Rider Works When you initially purchase the Athene Ascent fixed indexed annuity, along with the income rider, there will be an accumulated value established for your annuity. Even if you life. TargetHorizon 10 Select TargetPay & TargetPay Plus (56-78) 1.25% CT, WA (40-78) DE, MN, OH, UT (53-78) TargetHorizon 15 TargetPay & TargetPay Plus (40-73) 1.25% FL (40-64) DE, MN, OH, UT (40-47) AK, NJ, NV, PA, SC, TX (40-50) TargetPaySM & TargetPaySM Plus Income Benefit Riders January 21, 2014 Product (Issue Age) Single Premium $5,000-$49,999 Index Advantage. Plus, you may be locked in to the investment for seven to ten years and pay a penalty if you cash out early. Assuming a $200,000 investment and a 10-year deferral, if you buy at age 55 and turn on income at 65, it promises $18,446 annually. It only applies to the rider’s benefit. ) The rider allows you to stay in control of your principal and preserve a death benefit for a long period of time. Male 60, Female 60, Max Joint Level: Lincoln OptiBlend 10 w/ Lifetime Inc. Interest Earnings, if any, are credited to the Income Base through the earlier of beginning Lifetime Income Withdrawals or the 18th contract anniversary. IncomePLUS is defined as “Income” and the acronym PLUS, which stands for Preferred Laddering Utilization Strategy. Issued by: Athene Annuity and Life Company, West Des Moines, IA. Lincoln National Lifetime Income Edge 10.18% Athene Athene Ascent Income Rider Option One Level Payments (7 y ear) 10.12% American National Lifetime Income Rider Option 1 10.02% Delaware Life Target Income 10 GLWB Rider 10.00% Global Atlantic Guaranteed Income Builder Benefit 10.00% Transamerica Income Plus Rider 9.80% Ascent Accumulator will offer an optional legacy rider also for a charge PLUS.. all Athene Ascent annuities will include NEW 1 -year crediting strategies powered by exclusive There is a fee charged to your annuity for adding a lifetime income benefit rider. Income Preferred Series: All products approved for sale Index annuities. Assured Edge Income Rider Lifetime Income Builder: Thrivent: MYGA. The Company has hundreds of reviews and is rated 4.8/5.0 … Initial income base Annuity + Annuity Premium + Immediate = Initial Income at issue Premium Bonus (if applicable) Income Bonus Base Additional premiums The rider’s income base will be increased by the amount of any additional premiums (including any applicable premium enhancement/bonus from the annuity contract) after the rider is issued. When placing premium into an annuity contract, you will be presented with a number of options, features, and benefits worth consideration. 1 The 5% guaranteed rate on the Income Account Value stops once withdrawals are elected under the rider. BSMG offers the most client-centric FIAs. Income Bonus Day 1 = 20% of premium Start of year 2,3,4 and 5 = 7.5% of premium Start of year 10: PLUS (+) = 150% of the interest earned on the contract value during years 1-9 will be added -LTC Doubler included where available 55-85 NQ & Q Fixed Account Not Available in: NY Option A: 7.00% 55-75 5.00% 76-85 High Option B: 4.50% 55-75 Lincoln Financial Group MYGuarantee Plus 2.15% 2.10% Athene Max Rate 2.00% 1.85% Delaware Life Pinnacle 2.55% 2.55% Lincoln Financial Group MYGuarantee Plus 2.50% 2.45% North American Guarantee Choice 10 1.95% 1.55% AIG Assured Edge Income Achiever 1.00% 1.00% 10 years 5 years MYGA - Multi-Year Guaranteed Annuities Last Updated On 06/08/2021 I understand that this withdrawal is subject to any applicable surrender or withdrawal charges as defined in the contract. by Hersh Stern - Revised Thursday, May 13, 2021. Health Component. Rider Charges Annual Rider Issue ages Charge LifetimePay Optional Income Rider 40-83 0.60% LifetimePay Plus Optional Income Rider 40-83 0.75% Initial Premium $5,000-$74,999 Initial Premium $75,000+ Product (Issue Age) Initial Premium $5,000-$74,999 Initial Premium $75,000+ Product (Issue Age) *Please check the website for reduced withdrawal They are long-term vehicles designed for retirement purposes. Athene Ascent Pro is a Single Premium Indexed Deferred Annuity that is primarily intended for customers seeking a long-term retirement savings vehicle.It includes the Athene Ascent Income Rider for a charge.. Athene Ascent Pro can help you reach your retirement goals. If you buy at age 60, … Annuity Hub was built as an interactive website designed to provide basic education on the many concerns annuities solve in retirement. Symetra Income Edge is an individual single-premium fixed indexed deferred annuity with a market value adjustment feature. Issue Ages: 40-80. Session 51: Recent Trend of Fixed Indexed Annuities and Structured Annuities Product Development . 4 Withdrawals prior to age 59½ may be subject to a 10% IRS penalty. At age 66 his account has an income guarantee of $160,000 and his lifetime withdrawal rate of that value is 5.10%. TOP VARIABLE INCOME ANNUITIES. It is an additional rider that you can purchase that increases your annual cap or participation and reduces your spread. For an additional charge, Income Edge Flex can be added to your Spirit Series Fixed Annuity only at the time of application. Symetra Edge Plus and Symetra Income Edge are individual single-premium fixed indexed deferred annuity with a market value adjustment feature issued by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004. Base Product Rider (issue ages) Rollup Rate Annual Rider Charge Income Preferred Income Edge Plus (40-78) 6% 1.00% ☨In WA: the Income Doubler is not available on the Income Edge Plus. YOUR CONFIRMATION NOTE: this form must be received by the Company within 60 days of the signature date. Athene Ascent 10 Bonus Inc Rider – 6.56%. Issued by: Athene Annuity and Life Company, West Des Moines, IA. Scenario 1. Income Rider Ascent Income Rider Crediting Options Option 1: Guaranteed Growth or Option 2: Guaranteed Growth, Plus Interest Credits Income Base The Initial Income Base is equal to the Initial Premium plus Income Base bonus. Athene Annuity & Life Company is a leading provider of products in the retirement savings market. Lifetime Income Withdrawals provide flexibility and … Income Rider Withdrawal and Service Request - Income Edge, LifetimePay - 11/19 - … By deferring an annuity income rider into the future, your income can grow to be quite high and can cover both you and your spouse. * Income calculations are based on a male, age 65, living in Florida with a $100,000 investment. Athene BCA 2.0 [ANN19 (01/19), ANN19CS06 (01/19), ANN19CS08 (01/19), ANN19CS10 (01/19), ANN19CS12 (01/19)] or state variation, Family Endowment Rider [PBEDB (01/19), PBEDBRS (01/19)] or state variation, Balanced Allocation Lifetime Income Rider [ANNIRS (01/19), ANNIRSRS (01/19), ANNIRF (01/19), ANNIRFRS (01/19)] or state variation are issued by Athene Annuity and Life … Rider Charge The annual charge for both TargetPay and TargetPay Plus is currently 1.25% per year, and once the contract is issued, the Rider Charge Rate is guaranteed to never increase for the life of the contract. Check out our review and this profile of Athene Annuity & Life Assurance Company of New York; which is rated “A” by A.M. Best, was founded in 1965, and has over $3 billion in total assets. Including, why you should be focusing on the 45-60 market. Guaranteed income for life - Annuities can fill in the gaps when social security, pensions and other retirement accounts don't provide enough retirement income. Effective March 19th, 2021, rates are rising on the following products: Accumulator 5 Accumulator 7 Accumulator 10 Agility 7 (Benefit Base Bonus Increase) Agility 10 (Benefit Base Bonus Increase) Click to view each product’s updated rate sheet.
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