15% Growth to the Withdrawal Base this Year. And the Next. And the Next.
Offer the potential for consistent growth for up to 20 years or until income is activated.1,2,3,4 ForeIncome II fixed index annuity provides your clients with the opportunity to build guaranteed lifetime income.
1 Also known as a deferral bonus.
2 The income benefit is included on date of issue for an annual charge of 1.20% of the Withdrawal Base at the end of each contract year. Actual name of the benefit is Guaranteed Income Builder Benefit. The Withdrawal Base is not available as a death benefit or for cash value surrender.
3 For contracts issued prior to age 50, the Deferral Bonus and Withdrawal Base increases will not apply until the first contract anniversary following attainment of age 50 and the benefit fees will not be assessed until the first contract anniversary following attainment of age 50. Upon the contract anniversary following the attainment of age 50, the first Deferral Bonus will be applied and benefit fees will be assessed. The Withdrawal Base and Deferral Bonus Base will initialize at the contract value on the contract anniversary prior to 50th birthday. For Joint owned contracts, the youngest owner’s age is used.
4 Percentage shown is of the premium paid and applies to the Withdrawal Base only. The Withdrawal Base is used to determine the withdrawal benefit and is not available for cash surrender or as a death benefit. Deferral Bonuses stop after income benefit activation. Prior to activating the benefit, a Deferral Bonus will not be credited in years where a withdrawal occurs. Any withdrawal prior to income activation will reduce the Withdrawal Base in proportion to the reduction in contract value.