Still Writing Multiple Income Applications for One Client?
The NAC Control. X FIA with optional Total Control rider2 offers your clients first-to-market income flexibility and control within their personalized income plan. See how your clients can activate up to 10 different guaranteed lifetime income3 streams within one FIA. PLUS, access an immediate one-time 10% income base bonus4.
2. Optional Total Control rider is attached to the base product for an annual rider charge of 1.25% of the total income base.
3. Lifetime income refers to guaranteed payment of lifetime payment amounts (LPA’s) as defined in the Total Control rider included in this contract. It does not refer to interest credited to the contract. Income streams can begin in year 2 and starting at age 50. Please advise your client to consult with their own tax advisor regarding tax treatment of LPAs, which will vary according to individual circumstances.
4. The income base bonus is applied one-time to the initial deferred income base. The deferred income base is the part of the total income base that may be used to activate new LPA income streams. While the income base bonus will incrementally increase the deferred income base, resulting in higher potential future income, the rider charges collected will also incrementally increase since the rider charge is 1.25% of the total income base.
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