- Excellent bonus interest offered for those who elect to receive lifetime withdrawals
- Provides lifetime income without a rider, plus an opportunity for payment increases
- The annual withdrawal income will increase each year based on the annual interest
- There is a 1.35% guaranteed minimum interest rate for the first 10 years and additional guaranteed rate of 1% after 10 years
- There is no market value adjustment (MVA) with this annuity
- Surrender charges waiver for long-term care(nursing home) event is included
- maximum annual withdrawal amount can double for certain hospital / nursing care / assisted living situations
- Withdrawals taken prior to age 59½ may be subject to IRS penalties
- Surrender charges are 10% for the first 3 years of the contract
- Bonuses do not apply if you elect to withdraw a lump sum or do a partial surrender
- Full contract value is not available for immediate withdrawal as death benefit, full value( including bonus interest) is available only with 5 year payment plan
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