Income 150+ SE (FIA): How to Get 2x Income for a Healthcare Need

¹Once benefits begin, the Withdrawal Percentage is locked. Lifetime Annual Payments are not subject to withdrawal charges or Market Value Adjustment. Depending on the Payment Option elected at income activated, the lifetime income may change. The income benefit is included on the date of issue for an annual charge of 1.20% of the Withdrawal Base at the end of each contract year. The income benefit provides the guaranteed lifetime income called Lifetime Annual Payments (LAP) that are determined as a percentage of the Withdrawal Base at the time of income activation. The percentage is called the Withdrawal Percentage (WP), is based upon the age at income activation, and is locked in for life when the income begins. WPs vary based on single or joint income. The Withdrawal Base and Deferral Bonus Base initially equal the premium amount. Deferral Bonus, called Income Boosts, are available to grow the Withdrawal Base. The first Deferral Bonus, equal to 20% of the premium amount, applies on day 1 of the contract. Prior to income activation, additional Deferral Bonuses equal to 7.5% of the premium amount, are provided at the beginning of years 2, 3, 4 and 5. If income activation is delayed until year 10, an additional Deferral Bonus is available, which equals 150% of all interest credits earned in the first nine years of the contract. If a withdrawal is taken prior to the income activation, your Withdrawal Base and Deferral Bonus Base will be reduced proportionately. Subsequent Deferral Bonuses will thereby be based on the current Deferral Bonus Base at each increase, not initial premium amount. Once income is activated, withdrawals in excess of LAP will reduce the LAP for future years in proportion to the reduction in contract value due to the part of the withdrawal that exceeds the LAP. The LAP is zero prior to the GLWB activation. It is important to note that the Withdrawal Base is separate from the contract value and is not available for cash surrender or as a death benefit.

²The Income Enhancement Benefit is included at no additional cost and provides 2x the Lifetime Annual Payment for up to five years. The rider must be in force for one year before the benefit can be exercised and can be exercised one time only per contract. The Contract Value must exceed the greater of a) the Minimum Contract Value; and b) the doubled LAP at the time of activation and on each Contract Anniversary in order to exercise/continue the benefit or else it will be terminated. You must meet all eligibility requirements outlined in the rider in order to exercise the benefit, including a 90-day elimination period, certification and recertification of inability to perform two or more Activities of Daily Living (ADLs) for at least 90 consecutive days. ADLs include: Bathing, Continence, Dressing, Eating, Toileting, Transferring. Once a benefit period ends, a new benefit period is no longer available. The Income Enhancement Benefit is not long-term care insurance and is not intended to replace such coverage. It is referred to as the Annual Payment Accelerator Rider in the contract. Maximum issue age is 75.