A client's purchase payments
turn into a guaranteed income stream during retirement to help them weather market fluctuations and longevity risk - the risk of living longer than expected in retirement.
Riders/Endorsements: LU10998 Annual Point to Point with Low Water Mark, LU10999 Annual Point to Point with Monthly Averaging, LU11000 Monthly Cap Crediting Strategy, LU11001 Purchase Payment
Bonus Endorsement, LU11003 Guaranteed Lifetime Withdrawal Benefit Rider, LU11005 Waiver of Charges, LU11021 WOC for LTC or Hospital, LU11022 WOC for Terminal Illness, LU11023 WOC for Unemployment, LU11024 ADL Waiver of Charges.
The Benefit Base is the greater of eligible purchase payments
, or the highest anniversary value (less purchase payments
that are not considered "eligible") during the period in which anniversary values are being considered, each adjusted for withdrawals in excess of the feature's maximums (known as "excess withdrawals").
FutureSaver II also offers features such as the ability to make additional purchase payments
after issue, an Optional Money Back Guarantee, and special liquidity options in the event of a terminal illness or confinement to a long-term care facility.
10% will be added to the interest rate if the initial purchase payment
at the time of application is equal to or greater than $100,000.
Higher interest rates for purchase payments
of $20,000 or more -- No upfront or annual charges or fees
The LWG rider allows customers to withdraw up to 5% of their purchase payments
for as long as they live, beginning as early as age 59 1/2.
LifeAsset I requires a minimum purchase payment
of $10,000 and provides a death benefit (dependent on age, gender, risk class and amount of purchase payment
), as well as accelerated and accidental death benefit features at no additional charge.
The One Investor Annuity features a low initial purchase payment
of $2,000 and allocation of assets in stock, bond and money market portfolios.
This immediate annuity feature works as a safety net by allowing annuity owners to surrender their annuity and receive a portion of their purchase payment
Contract awarded for Busan Sinpyeong Apartments electrical construction materials blowers purchase payment
takes 1 tool
Customers can make a single initial purchase payment
with a minimum or $10,0.