Enhancements to FIT Retirement Series Effective 01/25/21
FIT Select Income and FIT Secure Growth – Same names, new benefits!
On January 25 the products you know as FIT Select Income and FIT Secure Growth will be more than enhanced, they’ll be re-energized. Customized with the power of two new indexes and a variety of ways to boost growth and income potential, which FIT is best depends on your client’s specific goals.
Check out these new features!
Enhanced Index Choices
- Two new index crediting options to fuel growth potential
- US Fundamental Balanced Index
- Global Balanced Index
Rate Booster crediting options provide higher participation rates or caps for an additional fee.1
Enhanced Income Potential on FIT Select Income
- Choice of GLIR
- Max Bonus GLIR provides a one-time Activation Bonus that scales up payments when the client is ready to start receiving income – raising the amount received.
- Split Bonus GLIR provides the option to split the bonus between 5% Immediate Interest Credits on premiums received in the first 8 policy years and a one-time Activation Bonus when the client is to start receiving income.
- Activities of Daily Living – triggered2 GLIR Income Doubler doubles income when it matters the most (not available in CA).
Choice of Level or Increasing Income allows for annual income increases as a hedge against inflation.
Plus, The Emergency Access Waiver for 403(b) and 457(b) plans continues to be available in the event of unforeseen hardship, separation from service or disability.
Pending approval in ID and OR. Pending ESI approval. Not available in NY.
Stay tuned for more details!