1. GenSource offers a structured income product called IncomeMax that provides guaranteed lifetime income payments along with growth opportunities.
2. IncomeMax allows contract owners to allocate funds across fixed and indexed strategies to generate tax-deferred growth while guaranteeing income in retirement.
3. The product provides guaranteed lifetime income payments equal to 7% of the contract value or guaranteed lifetime income value, whichever is greater, along with annual increases to protect against inflation.
The Anti-annuity is Single Premium Indexed Universal Life. We explain its primary uses, its tax saving abilities and how it can be used with annuities or qualified money. The Anti-Annuity works similar to an annuity however your money is liquid. The purpose of this book is to help you understand how the Anti-Annuity works, so that you will be educated and make the right choice if you choose to use this powerful tax-saving tool.
Understanding annuities once and for allKirk Ashburn
Your guide to understanding the fundamentals of annuities, including their pros and cons, in an easy to understand manner so you can make an educated decision. Is guaranteed income for the rest of my life important to me? Is protecting the downside of my investment important to my family? Will I sleep better at night knowing that my investment will not lose value if the market drops tomorrow?
Annuities are hard to understand for most retirees, this easy to read booklet explains the new types of annuities and the amazing features they have. Whether you’re looking to purchase an annuity or want information on your current annuities, this booklet provides all the answers you may be looking for.
The Anti-annuity is Single Premium Indexed Universal Life. We explain its primary uses, its tax saving abilities and how it can be used with annuities or qualified money. The Anti-Annuity works similar to an annuity however your money is liquid. The purpose of this book is to help you understand how the Anti-Annuity works, so that you will be educated and make the right choice if you choose to use this powerful tax-saving tool.
Understanding annuities once and for allKirk Ashburn
Your guide to understanding the fundamentals of annuities, including their pros and cons, in an easy to understand manner so you can make an educated decision. Is guaranteed income for the rest of my life important to me? Is protecting the downside of my investment important to my family? Will I sleep better at night knowing that my investment will not lose value if the market drops tomorrow?
Annuities are hard to understand for most retirees, this easy to read booklet explains the new types of annuities and the amazing features they have. Whether you’re looking to purchase an annuity or want information on your current annuities, this booklet provides all the answers you may be looking for.
What is an annuity?
An annuity is an insurance-based contract between you, the owner, and the contract issuer.
This is basically how annuities work: You pay after-tax dollars to the issuer, the issuer invests the money for you, and any earnings accumulate tax deferred. At some point, the issuer pays out the principal and earnings to you or to your beneficiaries. Earnings are taxed as ordinary income when they’re distributed.
Survivor universal life insurance 4088541883 san jose california connie dello...Connie Dello Buono
connie dello buono 4088541883 san jose california ca life ins lic 0G60621 on page 3 is about preserving your heir's inheritance, charitable gifts, key person coverage and wealth transfer
Want to understand what products to buy to insure against outliving your money? Want to learn more about how to purchase a DIA? Use this Abaris guide to better understand the options available and whether you should think about buying a DIA.
Deferred income annuities are a useful tool for protecting your retirement savings , against longevity risk. Longevity risk is the risk that you live a lot longer than you expect, therefore outliving your money. So how do DIAs work? Let’s break it down. The deferred part means that after you pay the premium to purchase your annuity there will be a period ranging from a year to several years before you begin receiving income. The income part refers to the promise of an annuity to provide you with a fixed paycheck, received monthly or yearly. Finally, the annuity aspect refers to the insurance company’s promise to continue sending payments for as long as you live.
The deferral period, the time between purchase and payments, must be at least 1-2 years, but is often much longer. A 55 year old who purchases a DIA might defer payments until age 80-85. Why the wait? The longer you defer payments, the longer the insurance company has to invest your money, and the more it will grow, and the more the insurance company is willing to promise you. Additionally, the longer you stave off receiving payments, the more confident the insurance company is that they won’t have to pay you for too long, so the better price you’ll get.
Though the concept behind a deferred income annuity isn’t new, its sales have just begun to takeoff. In 2011, there was only one annuity provider selling a premium volume of about $50 million. By 2014, the premium volume rose to $2.7 billion and the number of providers jumped to 13. Through the Abaris platform, you have access to a number of insurers: MassMutual, AIG, Principal Financial Group, Lincoln Financial Group, Guardian, Symetra, Americo, and Pacific Life. The products offered by these insurers vary, in terms of price, flexibility of premium payment, ability to commute value, and many more aspects. Whatever the differences, though, reputable authorities, including The Wall Street Journal, The New York Times, CNN Money, and Barron’s, have all sung the praises of a DIA, sighting its simplicity, security, and better pricing for you, in terms of premium and payments.
DIAs are a powerful tool, but they’re not necessarily right for everyone. What makes for a good fit? If you’re age 45-65, pre-retirement or in early retirement, in at least average health, don’t need to access the money from the annuity income immediately, have no pension, have basic expenses greater than your Social Security can cover, and want a simpler annuity then chances are you’re a good fit. In addition to these attributes, a good candidate for a DIA can say with surety that they won’t need access to the money spent on the premium, as the product has no cash or redemption value.
Want to understand how our population is aging and what it means for you? Want an Action Plan for retirement? Use Abaris' simple tutorial to get answers to these questions and more.
Science has proved it: people today are living longer than ever before. But as average life expectancies have been rising, the mean retirement age has stayed more or less the same. Since 1940 the average life span has gone up about 17 years, now at about age 79, yet the average age of retirement is more or less the exact same, about 65 years old. That leaves a big gap of your life filled without a paycheck, which is why Social Security, pensions and retirement income products are so important.
Despite the importance of Social Security and pension plans, fewer people than ever have pensions today and Social Security rarely covers all of a retiree’s expenses. On average, money received from Social Security only makes up about 42% of an individual’s pre-retirement income. Additionally, Social Security reserves are suffering from underfunding, and are expected to run out by 2033 under current law. Pension plans are great in that they guarantee a lifetime income, but they’re becoming more and more rare. Today, the predominant form of individual retirement savings is in 401(k)s and IRAs. But those plans don’t automatically provide lifetime income, leaving people to struggle with longevity risk: the chance that you live far longer than you expect. If you lead a long healthy life, as you certainly hope to, you’d end up running out of your savings.One solution? Deferred income annuities.
A deferred income annuity is a way of insuring against longevity. You make a payment, or series of payments, to an insurance company. Insurance companies are able to pool risk and use the market for pooling and protection in ways that you can’t on your own. This allows them to pay you an annual income, beginning at some future date, for the rest of your life. Surely stocks tend to yield a greater financial return, but with a deferred income annuity the value is in the guaranteed protection and the peace of mind. Deferred income annuities aren’t right for everyone. If you’re younger than 45, in below average health, most concerned about passing money onto your heirs, able to “self-insure” off the wealth of your investment income, or if you haven’t saved enough and need to keep the money you have in case of emergency then you’re probably not the best fit for a deferred income annuity. But otherwise, you’re looking like a great candidate.
A Modified Endowment Contract (MEC) is a special type of cash value life insurance
policy that requires extra attention because of the tax laws associated with it. The
federal tax law definition of “life insurance” limits your ability to pay certain high levels
of premiums. Potentially, any insurance policy that accumulates cash value can be
classified as a MEC, either when the policy is issued, or in later years.
Annuities explained is a presentation which will explain everything you need to know about the major types of annuities, what are the best annuities and how to select the most appropriate annuity in your particular situation.
Spencer Lodge Fund Advisers Dubai Life Insurance. Spencer Lodge MD of Fund Advisers Dubai Universal life insurance offers you the freedom to increase or decrease your policy’s death benefit to fit your individual needs. Policies have minimum and maximum premium amounts that you must meet to maintain your coverage, but the timing of payments can be flexible. Access to cash values Universal life insurance policies have a cash value that has the potential to increase over time. If financial needs arise, you can tap into your policy by taking tax-advantaged policy loans and making partial withdrawals without income taxes.
Totalurile misiunii de observare a alegerilor locale din 14 iunie 2015
Această monitorizare a fost realizată în cadrul proiectului „Participarea persoanelor cu dizabilități din Moldova la viața politică și publică”, implementat cu suportul Ambasadei SUA în Republica Moldova și a proiectului „Pro vot incluziv - demers pentru o societate incluzivă”, cu suportul Fundaţiei Est-Europene, din resursele acordate de Guvernul Suediei prin intermediul Agenției Suedeze pentru Dezvoltare și Cooperare Internațională (Sida) și de Ministerul Afacerilor Externe al Danemarcei/DANIDA. Răspunderea este exclusivă a autorilor şi nu conține, sub nici o formă, pozițiile donatorilor.
What is an annuity?
An annuity is an insurance-based contract between you, the owner, and the contract issuer.
This is basically how annuities work: You pay after-tax dollars to the issuer, the issuer invests the money for you, and any earnings accumulate tax deferred. At some point, the issuer pays out the principal and earnings to you or to your beneficiaries. Earnings are taxed as ordinary income when they’re distributed.
Survivor universal life insurance 4088541883 san jose california connie dello...Connie Dello Buono
connie dello buono 4088541883 san jose california ca life ins lic 0G60621 on page 3 is about preserving your heir's inheritance, charitable gifts, key person coverage and wealth transfer
Want to understand what products to buy to insure against outliving your money? Want to learn more about how to purchase a DIA? Use this Abaris guide to better understand the options available and whether you should think about buying a DIA.
Deferred income annuities are a useful tool for protecting your retirement savings , against longevity risk. Longevity risk is the risk that you live a lot longer than you expect, therefore outliving your money. So how do DIAs work? Let’s break it down. The deferred part means that after you pay the premium to purchase your annuity there will be a period ranging from a year to several years before you begin receiving income. The income part refers to the promise of an annuity to provide you with a fixed paycheck, received monthly or yearly. Finally, the annuity aspect refers to the insurance company’s promise to continue sending payments for as long as you live.
The deferral period, the time between purchase and payments, must be at least 1-2 years, but is often much longer. A 55 year old who purchases a DIA might defer payments until age 80-85. Why the wait? The longer you defer payments, the longer the insurance company has to invest your money, and the more it will grow, and the more the insurance company is willing to promise you. Additionally, the longer you stave off receiving payments, the more confident the insurance company is that they won’t have to pay you for too long, so the better price you’ll get.
Though the concept behind a deferred income annuity isn’t new, its sales have just begun to takeoff. In 2011, there was only one annuity provider selling a premium volume of about $50 million. By 2014, the premium volume rose to $2.7 billion and the number of providers jumped to 13. Through the Abaris platform, you have access to a number of insurers: MassMutual, AIG, Principal Financial Group, Lincoln Financial Group, Guardian, Symetra, Americo, and Pacific Life. The products offered by these insurers vary, in terms of price, flexibility of premium payment, ability to commute value, and many more aspects. Whatever the differences, though, reputable authorities, including The Wall Street Journal, The New York Times, CNN Money, and Barron’s, have all sung the praises of a DIA, sighting its simplicity, security, and better pricing for you, in terms of premium and payments.
DIAs are a powerful tool, but they’re not necessarily right for everyone. What makes for a good fit? If you’re age 45-65, pre-retirement or in early retirement, in at least average health, don’t need to access the money from the annuity income immediately, have no pension, have basic expenses greater than your Social Security can cover, and want a simpler annuity then chances are you’re a good fit. In addition to these attributes, a good candidate for a DIA can say with surety that they won’t need access to the money spent on the premium, as the product has no cash or redemption value.
Want to understand how our population is aging and what it means for you? Want an Action Plan for retirement? Use Abaris' simple tutorial to get answers to these questions and more.
Science has proved it: people today are living longer than ever before. But as average life expectancies have been rising, the mean retirement age has stayed more or less the same. Since 1940 the average life span has gone up about 17 years, now at about age 79, yet the average age of retirement is more or less the exact same, about 65 years old. That leaves a big gap of your life filled without a paycheck, which is why Social Security, pensions and retirement income products are so important.
Despite the importance of Social Security and pension plans, fewer people than ever have pensions today and Social Security rarely covers all of a retiree’s expenses. On average, money received from Social Security only makes up about 42% of an individual’s pre-retirement income. Additionally, Social Security reserves are suffering from underfunding, and are expected to run out by 2033 under current law. Pension plans are great in that they guarantee a lifetime income, but they’re becoming more and more rare. Today, the predominant form of individual retirement savings is in 401(k)s and IRAs. But those plans don’t automatically provide lifetime income, leaving people to struggle with longevity risk: the chance that you live far longer than you expect. If you lead a long healthy life, as you certainly hope to, you’d end up running out of your savings.One solution? Deferred income annuities.
A deferred income annuity is a way of insuring against longevity. You make a payment, or series of payments, to an insurance company. Insurance companies are able to pool risk and use the market for pooling and protection in ways that you can’t on your own. This allows them to pay you an annual income, beginning at some future date, for the rest of your life. Surely stocks tend to yield a greater financial return, but with a deferred income annuity the value is in the guaranteed protection and the peace of mind. Deferred income annuities aren’t right for everyone. If you’re younger than 45, in below average health, most concerned about passing money onto your heirs, able to “self-insure” off the wealth of your investment income, or if you haven’t saved enough and need to keep the money you have in case of emergency then you’re probably not the best fit for a deferred income annuity. But otherwise, you’re looking like a great candidate.
A Modified Endowment Contract (MEC) is a special type of cash value life insurance
policy that requires extra attention because of the tax laws associated with it. The
federal tax law definition of “life insurance” limits your ability to pay certain high levels
of premiums. Potentially, any insurance policy that accumulates cash value can be
classified as a MEC, either when the policy is issued, or in later years.
Annuities explained is a presentation which will explain everything you need to know about the major types of annuities, what are the best annuities and how to select the most appropriate annuity in your particular situation.
Spencer Lodge Fund Advisers Dubai Life Insurance. Spencer Lodge MD of Fund Advisers Dubai Universal life insurance offers you the freedom to increase or decrease your policy’s death benefit to fit your individual needs. Policies have minimum and maximum premium amounts that you must meet to maintain your coverage, but the timing of payments can be flexible. Access to cash values Universal life insurance policies have a cash value that has the potential to increase over time. If financial needs arise, you can tap into your policy by taking tax-advantaged policy loans and making partial withdrawals without income taxes.
Totalurile misiunii de observare a alegerilor locale din 14 iunie 2015
Această monitorizare a fost realizată în cadrul proiectului „Participarea persoanelor cu dizabilități din Moldova la viața politică și publică”, implementat cu suportul Ambasadei SUA în Republica Moldova și a proiectului „Pro vot incluziv - demers pentru o societate incluzivă”, cu suportul Fundaţiei Est-Europene, din resursele acordate de Guvernul Suediei prin intermediul Agenției Suedeze pentru Dezvoltare și Cooperare Internațională (Sida) și de Ministerul Afacerilor Externe al Danemarcei/DANIDA. Răspunderea este exclusivă a autorilor şi nu conține, sub nici o formă, pozițiile donatorilor.
The Web is a network of computers all over the world.
All the computers in the Web can communicate with each other.
All the computers use a communication standard called HTTP (The Hypertext Transfer Protocol (HTTP) is an application protocol for distributed, collaborative, hypermedia information systems. HTTP is the foundation of data communication for the World Wide Web. Hypertext is structured text that uses logical links (hyperlinks) between nodes containing text.).
Max Life Whole Life Super, a life insurance plan in which you
pay premiums for only a limited number of years and enjoy protection up to the age 100 years.
Planning for the old age when the ability to earn diminishes while the expenses to live a dignified and healthy life start rising is of utmost importance.
Certified financial planners | Equity Indexed Annuities | Retirement planningFind Me An Advisor™
This presentation from Find Me An Advisor™ will guide you through, how you can grow your retirement money with help of Certified Financial Planners with investment options like; equity indexed annuities, variable annuities and more to boost your retirement planning.
ULIP - Buy High Return ULIP Policy Online in India | HDFC LifeLisaDavid26
Click2Wealth is a high return ULIP plan by HDFC Life which offers premium waiver benefit, tax benefits and whole life coverage with golden years benefit option. Buy Now!
ULIP - Buy High Return ULIP Policy Online in India | HDFC LifeLisaDavid26
Click2Wealth is a high return ULIP plan by HDFC Life which offers premium waiver benefit, tax benefits and whole life coverage with golden years benefit option. Buy Now!
9 Reasons People Buy Annuities For Retirement.Shawn Plummer
Understand the primary reasons, consumers purchase an annuity as part of their retirement savings plan.
Tax-Deferred Growth
A Guaranteed Income For Life
Never Outliving Your Retirement Savings
Keep Up With Inflation
Protection From Creditors
Protection From Stock Market Volatility
Avoid Probate
Pay Long-Term Care Expenses
Earn a Fixed Interest Rate
Utilize Medicaid Without Going Broke
www.annuityexpertadvice.com
Max Life’s Forever Young Pension Plan provides the benefits of offers a guarantee to protect your savings from market downturns. It also offers additional benefits to safeguard your family against unforeseen eventualities so that you and your loved ones live life on your own terms.
"The Case For Annuity," by Phil Wasserman. This book shows an unbiased view on annuities, how they can offer you secure income streams, and growth potential while having no market risk or volatility.
Kotak e-Invest - a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and requirements. Click here to know more about it.
1. GenSource IncomeMaxTM
Generating
Resources
for Life
Important Disclosures
Please note the likelihood of obtaining value from the IncomeMax Enhanced Death Benefit rider
decreases as issue ages increase. In order for owners issue age 75 and above to benefit from this
rider, the interest credited to your accumulation value must be significantly less than would have
been credited based on historic averages.
GenSource Financial Assurance Company, L.L.C. is a Special Purpose Vehicle Delaware
corporation offering a contractrual source of income to its clients by means of securitized
annuitization.
Depending on your age and the interest credited to your accumulation value, deferring your
income stream may significantly reduce the likelihood of obtaining value from the GenSource
IncomeMax Guaranteed Lifetime Income Payment.
1
The Fidelity Research Institute, March 2007
2
Employee Benefit Research Institute and Matthew Greenwald & Associates, Inc.,
2007 Retirement Confidence Survey
3
Annuity 2000 Mortality Table, Society of Actuaries
GenSource
2. Trust GenSource
to generate the
maximum amount
of income
With GenSource you
can be Confident your
security comes first.
We are proud to have
been trusted for years by
those who have placed
their trust in GenSource
to help them protect their
families’ financial futures.
GenSource has built its
reputation through
Years of quality,
service and
reliability.
What’s in your Future?
A second home on the lake?
A trip around the world?
The future can be full of opportunities when you
start planning now. That’s where a securitized
structured stream of income from GenSource
Financial Assurance Corporation, L.L.C.
(GenSource) comes in. With GenSource
IncomeMax™, you can be confident knowing
that you’re getting the most income out of the
resources that you’ve acquired to take advantage
of all the opportunities you’ve envisioned for
tomorrow. And with IncomeMax™ you retain
control of your savings. You are guaranteed an
annual income that is not only guaranteed for
life, but is also guaranteed to grow each year to
protect you and your family’s financial futures
against inflation that will last for as long as you
live, providing peace of mind for a secure finan-
cial future, while still leaving an inheritance for
your children.
Whether planning for retirement or simply
looking for another way to save, IncomeMax™
offers maximum and reliable income that can
help you realize your dreams. GenSource has
consistently been recognized for financial
strength. This means you can count on
GenSource when it matters most.
The Future can be full of opportunities when
you start planning now. That’s where a fixed
indexed annuity
from
GenSource
comes in.
3. Prepare for
the Future
Growing and securing your retirement nest egg
is an ongoing battle. There are many challenges
you will face when maximizing your retirement
savings, and without proper financial planning,
external factors can negatively impact the value
of your hard-earned savings.
Taxes – Taxes on interest earnings decrease the
real return on your retirement accounts.
Inflation – Inflation, coupled with taxes, reduces
the future purchasing power of today’s savings,
creating uncertainly that your current standard
of living can be continued throughout your life.
Longevity Risk – Outliving your income can be a
real concern as you plan for your retirement, due
in part to medical advances and active, healthier
lifestyles.
Economic Risk – Future negative, economic
circumstances could irreparably harm your retire-
ment accounts, increasing the risk of insufficient
income to support your standard of living.
Fortunately, financial products are now available
to help you address these risks. Structured income
products offer guaranteed and increasing income
for life, customized to meet your specific needs.
Consider IncomeMax
A Structured Income Vehicle
You have many choices to make when planning
your financial future, with savings products
offering varying degrees of security, growth and
flexibility. A structured income product provides
a variety of benefits you may not find with tradi-
tional savings methods. Advantages include:
• Guaranteed income for life with increases
• Principal protection against economic
downturns
• Tax-deferred growth
• Flexible and income options to meet your
retirement needs
• Protected income death benefit for
designated beneficiaries
With GenSource you have the opportunity to
build a secure and flexible retirement plan that
allows you to live your retirement on your terms.
IncomeMax is a structured income product
designed to maximize your retirement income,
keep pace with inflation and secure your
financial future.
Discover the benefits:
• Target your retirement savings for potential
growth tied to the S&P 500® Index and
tax-deferred interest earnings.
• Protect against potential stock market-related
loss and guarantee that your money will be
there for you and those you love.
• Take control of access to your money, because
just as in years prior, plans can change in
retirement.
4. IncomeMax™ offers you the opportunity to
maximize your lifetime income from your re-
tirement assets at a better interest rate than
traditional savings options, while still providing
protection against financial market declines.
The following factors will work to maximize
your retirement income:
• Tax Deferral: Your Contract Value grows on
a tax-deferred basis. This means you pay taxes
on your earnings only when you take withdraw-
als, allowing you to benefit from tax-deferred
compounding interest. Withdrawals of taxable
amounts are subject to ordinary income tax and
may be subject to a 10% federal tax penalty if
taken prior to age 59½.
• Account Strategies: Premiums can be
allocated to your choice of two strategies; one
fixed account strategy based on the S&P 500®
Index.
The Fixed Account Strategy guarantees a specified
interest rate that is reset each contract year, giving
you the comfort of knowing exactly how much
growth will occur.
The Indexed Accounts Strategies give you a menu
of Monthly strategy crediting methods to choose
from based on the S&P 500® Index, a highly re-
garded benchmark of stock market performance.
The caps reset each contract year. By utilizing an
Indexed Account Strategy you have the potential
for growing your savings at a better interest rate
than with traditional savings options.
Growth
Maximize your
retirement potential
Protection
Providing financial
security and peace of mind
IncomeMax™ offers you principal protection; positive
interest earnings and death benefit proceeds for loved
ones.
• Principal Protection: 100% of the money with
which you invest is credited immediately to your
Account Value. This money (less withdrawals,
withdrawal charges and rider charges) is 100%
guaranteed if held to the end of the withdrawal
charge period (10 full years).
• Death Benefit: Your beneficiaries are eligible to
receive a death benefit equal to the full Account
Value, without incurring any withdrawal charges.
The standard death benefit allows your beneficiaries
to receive a stream of guaranteed income payments
over a specified period of time.
Optional Riders:
• Increased Death Benefit Guarantee Rider: You also
have the option to guarantee that your death benefit
is equal to no less than your initial premium paid less
withdrawals, plus 5% increase on the Account Value
less withdrawals. Increased Death Benefit Guarantee
Factor increases until the tenth contract anniversary,
or until you reach age 85, whichever comes first.²
Included Waiver Riders:
• Nursing Home Waiver Rider³: At any time on or after
the first contract anniversary, if you should become
confined to an approved nursing facility for at least
60 consecutive days, you will immediately receive an
automatic 10% increase on your income payments.
• Terminal Illness Waiver Rider: Should you suffer
from a terminal illness, your income payments will
automatically be increased by 20% at no charge or
penalty to you.
*Death Benefit Rider may be added at issue only for an annual charge.
Available for issue ages 0-75.
The standard death
benefit allows your
beneficiaries to receive
the full Account Value
as a guaranteed stream
of payments over a
specified period
of time.
5. You have the ability
to secure a lifetime
annual income, while
maintaining access to
your money, should
your future plans
change.
Control
Flexibility in accessing
your funds
IncomeMax™ ensures you stay in control of your money.
You have the ability to secure a guaranteed lifetime income,
while maintaining access to your money, should your future
plans change.
• Withdrawal Priviledges: You can access your money
by making a withdrawal at any time. You may also
withdraw some money without incurring withdrawal
charges. The free withdrawal amount is the greater of:
• Death Benefit: Your beneficiaries are eligible to
receive a death benefit equal to the full Account
Value, without incurring any withdrawal charges.
Both death benefits allow your beneficiaries
to receive guaranteed payments over a specified
period of time.
- 10% of Account Value after the first contract
year, except in year of full surrender.
- Any Required Minimum Distribution (RMD)
imposed by the IRS on this contract.
You may withdrawal in excess of your guaranteed lifetime
income payments, up to 10% of the Account Value twice
without penalty. Any amount above the guaranteed life-
time annual income benefit, but up to the 10% annual
free withdrawal amount shall incur 15% surrender charge
penalty, eliminate the enhanced death benefit and cause a
recalculation of guaranteed lifetime income payments. All
death benefit riders shall be eliminated upon a third request
to withdraw any amount in excess of the guaranteed lifetime
income payment. Carefully review your contract when con-
sidering withdrawing money in excess of your guaranteed
lifetime income amount and the effect it will have on your
future income needs.
• Guaranteed Lifetime Income Payments: At any time
after you reach 59½ (and after the first contract year),
you can take advantage of the Guaranteed Lifetime
Income Payments. This provides a guaranteed annual
income for as long as you and your spouse live, even if
your Contract Value falls to zero (assuming excess
withdrawals do not exceed the Guaranteed Lifetime
Annual Income.)
Guaranteed Lifetime
Income Payments
IncomeMax™ offers you maximum guaranteed
lifetime income three ways.
• First by adding an immediate 30% bonus day
one onto the initial contribution received which
is applied to the Guaranteed Lifetime Income
Value. The Guaranteed Lifetime Income Value
is not your account value and is the value used
to determine your guaranteed lifetime income
payments for future income and is not available
on cash surrender. The income bonus does not
apply to the Account Value or death benefit.
• Includes a guaranteed 5% annual accumula-
tion on the Guaranteed Lifetime Income Value
at each contract anniversary for the first 10
years, or until the date you activate the benefit if
earlier. The annual accumulation rate does not
apply to the Account Value or death benefit.
• Provides a Guaranteed Lifetime Income paid
out at a distribution rate of 7% for both yours and
your spouses lives even if the Account Value falls
to zero, making it retirement income that you
cannot outlive (assuming annual excess
withdrawals do not exceed your Guaranteed
Lifetime Income).
• The Guaranteed Lifetime Income is equal to
the greater of Your Account Value or your Guaran-
teed Lifetime Income Value (whichever is greater)
multiplied by 7% plus an annual 3% increase on
your payments to keep up with inflation starting
the day you activate the payments any time after
the first anniversary year.
• Your Account Value continues to receive
interest credits even after you begin your
guaranteed lifetime income payments offering
you the potential to increase your Guaranteed
Lifetime Income each contract anniversary with
a potential Step Up Benefit based on the current
Account Value.
6. Account Value Growth
Your Account Value growth is tied to your strategy
interest credits. How interest is credited depends
on the strategies you choose. Your choices include:
• Indexed Crediting Methods – Interest is credited
each contract anniversary based on the sum of the
changes in the S&P 500® Indexed strategies that
you chose, where the positive percentage changes
in each month are limited to a predetermined
index cap.The monthly index cap is declared in
advance and is guaranteed for the entire contract
year.
• Fixed Account – Interest is credited daily
based on a specified interest rate. The specified
rate is declared in advance and is guaranteed for
the entire contract year, but will never be less
than the minimum guaranteed annual fixed
account interest rate described in the contract.
How it
Works
Purchasing an IncomeMax™ structured income
product by GenSource
Upon issue, your Guaranteed Lifetime Income
Value is equal to 130% of the Account Value,
investment received.
Guaranteed Lifetime Income Value Growth
Your Guaranteed Lifetime Income Value is
guaranteed to grow at the rate of 5% per year
or equal to the Account Value, whichever is
greater, which is calculated and determined
each contract anniversary for the first ten years,
or until your first withdrawal. After that time,
the Guaranteed Lifetime Income Value will no
longer be credited the guaranteed 5% annually,
but may continue to be linked to the Account
Value for purposes of determining the Guaran-
teed Lifetime Income Value and is not available
on cash
Activate
Your Guaranteed Lifetime
Income Payments
On the day you choose to exercise your Guaranteed
Lifetime Income Payments, GenSource will determine
the maximum amount of income you can withdraw
from your contract every year going forward. To activate
this benefit you must be 59½ years old and you must
be beyond the first contract year.
Your Guaranteed Lifetime Income Payment will be
equal to the greater of the Account Value or the
Guaranteed Lifetime Income Value, multiplied by
the Guaranteed Lifetime Income Payment Factor on
the date you choose to exercise the benefit.
Guaranteed Lifetime Income Payment Factor:
• 7% of the Guaranteed Lifetime Income Value for
your lifetime plus a 3% annual cost of living
increase.
• 7% of the Guaranteed Lifetime Income Value for
your spouses lifetime plus a 3% annual cost of
living payment increase (3% is added to the
payments not the Income Value).
• 3% of the Account Value as a death benefit
payable over a defined term specified by
GenSource at the time of claim, in the form
of income payments until the balance of the
Account Value reaches zero. The enhanced
death benefit rider includes an additional 2%
cost of living increase on the payments not the
income, account or death benefit values.
Even after electing to begin receiving your Guaranteed
Lifetime Income Payments, your Account Value contin-
ues to receive interest credits. You also maintain control
of all the Guaranteed Lifetime Income and Account
Values crediting method strategies. In addition, your
contract continues to provide death benefit protection
for your beneficiaries equal to the Account Value for the
standard death benefit and the Account Value plus 5%
annually for each year prior to the first withdrawal for
the enhanced death benefit rider.
Whether maximizing
your income in
retirement or simply
looking for another way
to make your income last,
GenSource offers flexible
and reliable options
that can help.