[PODCAST] North American Unplugged Featuring Income Pay Pro From North American
Catch up on the latest episodes of North American Unplugged!
In the most recent episode of North American Unplugged, Chief Distribution Officer, Bryce Biklen discusses our recently launched Income Pay ProSM fixed index annuity. Income Pay Pro offers guaranteed lifetime income1 with an embedded guaranteed lifetime withdrawal benefit (GLWB) rider (for a charge)2. It’s a retirement “paycheck” that can last a life.
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1. Lifetime income refers to guaranteed payment of Lifetime Payment Amounts (LPA’s) as defined in the GLWB Rider included in this contract. It does not refer to interest credited to the contract. Advise clients to consult with their own tax advisor regarding tax treatment of LPAs, which will vary according to individual circumstances.
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.