AVAILABLE IN CA: Increased Payout Factors on Lifetime Income Benefit Rider!
We have increased payout factors by approximately 10% on many of the Lifetime Income Benefit Rider (LIBR) options on our top income product – the IncomeShield fixed index annuity series!
You spoke up, and we listened. Retirement needs are changing, and competitive lifetime income payments are a top priority for our partners and clients. We have adjusted IncomeShield’s LIBR to meet this need.
IncomeShield: Next-level retirement income
- New Unisex Payout Factors
- 10% Average Increase on Payout Factors
- LIBR fees now based on Income Account Value
- Product now contains Market Value Adjustment rider
These changes are effective October 30, 2020. Please use updated disclosures dated 10.26.20. Pending business may receive these new payout factors with a new disclosure received prior to issue.
We will accept old disclosures through November 13, 2020. Please note: Submitting an old disclosure will result in previous payout factors and the fee will be calculated on the Contract Value.
Want to learn more about IncomeShield? Take our required product training on the agent website. If you have already taken the training, please review the updated training slides.
We look forward to helping you meet your clients’ goals for guaranteed lifetime income.