Roll-Up Rate Increased to 8% on Income Pay Pro Fixed Index Annuity
We recently increased the roll-up rate1 to 8% on our popular Income Pay Pro FIA. Income Pay Pro offers competitive guaranteed lifetime income with an embedded guaranteed lifetime withdrawal benefit (GLWB) rider (for a charge).2 Sign in to North American to get instant access to updated brochure and materials now.
1. Roll-up rate (also known as the GLWB value increase percentage) compounds for up to 10 years or until lifetime payment election date, if earlier. If withdrawals exceed the available penalty-free partial surrender amount for a contract year, the GLWB value increase will not apply at the end of that contract year.
2. The embedded guaranteed lifetime withdrawal benefit (GLWB) rider includes a rider charge of 1.15% of the GLWB value, deducted as a partial surrender from the accumulation value on each contract anniversary while the rider is in effect.