Safe Income Advantage
In the complex world of retirement planning, annuities stand out as a popular choice for those seeking steady income streams in their golden years. Amidst a crowded market, a few annuity companies have distinguished themselves through their robust financial strength, customer service excellence, and diverse product offerings.
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Learn how an annuity can provide guaranteed income for life.
Safe Income Advantage is a Flexible Premium Fixed Indexed Deferred Annuity. This policy includes an Enhanced Guaranteed Minimum Withdrawal Benefit Rider. The included EGMWB Rider could benefit customers who wish to trigger a lifetime withdrawal feature. You may deposit premium at any time prior to the Maturity Date and before electing to begin the Withdrawal Period under the EGMWB Rider.
Eligible ages
Non-qualified: 0-80
Qualified: 18-80
If joint owner, eligibility is based on older owner’s age
Eligible ages
Non-qualified: 0-80
Qualified: 18-80
If joint owner, eligibility is based on older owner’s age
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
1.75%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
2.5%
Cap
|
1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
2.5%
Cap
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1%
Cap
|
1-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Annual
|
75%
Participation
1%
Spread
|
1-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Annual
|
120%
Participation
|
2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
100%
Participation
1%
Spread
|
2-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Biennial
|
125%
Participation
|
1-Year BlackRock Market Advantage PTP Participation Rate with Spread |
Point to Point
Annual
|
50%
Participation
|
2-Year BlackRock Market Advantage PTP Participation Rate with Spread |
Point to Point
Biennial
|
70%
Participation
|
1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
2.25%
Performance triggered
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Penalty | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Safe Income Advantage: EGMWB Level | Yes | 1.15% annually (1.50% max) |
Safe Income Advantage: EGMWB Increasing | Yes | 1.15% annually (1.50% max) |
Safe Income Advantage: EGMWB Inflation-Adjusted | Yes | 1.15% annually (1.50% max) |