With the help of your financial professional, you should review the type of retirement lifestyle you want, estimate your retirement expenses, review the assets available to help fund your retirement, and review the products and services available to convert your retirement savings into retirement income.  Help Take Control of Your Retirement Income call 866-866-2960

Income for Your Lifetime Starts Here

SELECT PAYMENT METHOD You can choose one of the following common annuity payment methods. The best choice for you will depend on many factors, including whether you name a joint annuitant, if you want to leave money to a beneficiary, or if you foresee a need to access cash through your contract. The option of withdrawing all, or part of, the value of remaining period certain payments is available with payout methods that include a period certain. There are charges associated with making withdrawals so be sure to review the information with your financial professional.

Chat software by BoldChat

•Single Life– Payments continue as long as the annuitant is alive.

• Single Life with Cash Refund– Annuity payments cease upon the death of the annuitant, subject to the Cash Refund guarantee. The Cash Refund guarantees that if the total of all annuity payments made is less than the Single Premium, the beneficiary(ies) will receive the difference in one lump sum.

• Single Life with Installment Refund – Annuity payments cease upon the death of the annuitant, subject to the Installment Refund guarantee. The Installment Refund guarantees the annuity payments will continue to be paid to the beneficiary, until the total payments made under the contract equal the Single Premium.

• Single Life with Period Certain– Payments continue as long as the annuitant is alive or for the guaranteed period, whichever is longer. If the annuitant dies before the period certain, remaining guaranteed payments are made to the payee(s) designated by the beneficiary.

• Joint and Survivor Life – Payments continue as long as either of two annuitants is alive. Upon the death of one annuitant, 100% of the payment continues for the lifetime of the surviving annuitant.

• Joint and Survivor Life with Installment Refund– Annuity payments cease upon the death of both annuitants, subject to the Installment Refund Guarantee. The Installment Refund guarantees that annuity payments will continue to paid to the beneficiary(ieses) until the total annuity payments made under this contract equal the Single Premium.

• Joint and Survivor Life with Period Certain–Payments continue as long as either of two annuitants is alive or for the guaranteed period, whichever is longer. If both die before the periodcertain, remaining guaranteed payments are made to the payee(s) designated by the beneficiary.

• Joint and Survivor Life with Reduction at First Death– Payments continue as long as either of two annuitants is alive. Upon the death of the first annuitant, 50%, 66.7% or 75% of payments continue for the lifetime of the other. (This annuity option is also available with the Installment Refund guarantee.)

•Joint and Survivor Life with Reduction at First Death and Period Certain– Payments continue as long as either of two annuitants is alive or for the guaranteed period, whichever is longer. When both annuitants die, 50%, 66.7% or 75% of the remaining guaranteed payments will be paid to the payee(s)designated by the beneficiary.

Non-Lifetime Income Methods

Another choice, Period Certain-Only makes payments for a set period of time chosen by the owner, from 5 years up to 50 years.In this option only, the period may be lengthened or shortened after the first contract year, subject to certain restrictions. Upon the death of the annuitant, guaranteed payments continue to be paid to the payees designated by the beneficiary.We can provide quotes on the initial amount estimated for each payout method. You should compare these quotes before choosing a specific method.

SELECT PAYMENT FREQUENCYThe frequency of payments will depend on how often you wish to receive income for purposes of planning your budget and lifestyle. You can choose to receive income payments monthly, quarterly, semi-annually, or annually.  

For other types of Insurance  Click Here