Income Payment waiting period
|
1 Index Year
|
Income multiplier factor
|
2
|
Income multiplier benefit wait period
|
5 Contract Years
|
Eligible Person’s Age (or younger Eligible Person’s age for joint Income Payments)
|
Income Percentages
|
Income Percentage Increases
|
|||
Level Income
|
Increasing Income
|
||||
Single Income Payments
|
Joint Income Payments
|
Single Income Payments
|
Joint Income Payments
|
||
0-50
|
5.70%
|
5.20%
|
4.40%
|
3.90%
|
0.25%
|
51
|
5.80%
|
5.30%
|
4.50%
|
4.00%
|
0.25%
|
52
|
5.90%
|
5.40%
|
4.60%
|
4.10%
|
0.25%
|
53
|
6.00%
|
5.50%
|
4.70%
|
4.20%
|
0.25%
|
54
|
6.10%
|
5.60%
|
4.80%
|
4.30%
|
0.25%
|
55
|
6.20%
|
5.70%
|
4.90%
|
4.40%
|
0.30%
|
56
|
6.30%
|
5.80%
|
5.00%
|
4.50%
|
0.30%
|
57
|
6.40%
|
5.90%
|
5.10%
|
4.60%
|
0.30%
|
58
|
6.50%
|
6.00%
|
5.20%
|
4.70%
|
0.30%
|
59
|
6.60%
|
6.10%
|
5.30%
|
4.80%
|
0.30%
|
60
|
6.70%
|
6.20%
|
5.40%
|
4.90%
|
0.35%
|
61
|
6.80%
|
6.30%
|
5.50%
|
5.00%
|
0.35%
|
62
|
6.90%
|
6.40%
|
5.60%
|
5.10%
|
0.35%
|
63
|
7.00%
|
6.50%
|
5.70%
|
5.20%
|
0.35%
|
64
|
7.10%
|
6.60%
|
5.80%
|
5.30%
|
0.35%
|
65
|
7.20%
|
6.70%
|
5.90%
|
5.40%
|
0.40%
|
66
|
7.30%
|
6.80%
|
6.00%
|
5.50%
|
0.40%
|
67
|
7.40%
|
6.90%
|
6.10%
|
5.60%
|
0.40%
|
68
|
7.50%
|
7.00%
|
6.20%
|
5.70%
|
0.40%
|
69
|
7.60%
|
7.10%
|
6.30%
|
5.80%
|
0.40%
|
70
|
7.70%
|
7.20%
|
6.40%
|
5.90%
|
0.45%
|
Eligible Person’s Age (or younger Eligible Person’s age for joint Income Payments)
|
Income Percentages
|
Income Percentage Increases
|
|||
Level Income
|
Increasing Income
|
||||
Single Income Payments
|
Joint Income Payments
|
Single Income Payments
|
Joint Income Payments
|
||
71
|
7.80%
|
7.30%
|
6.50%
|
6.00%
|
0.45%
|
72
|
7.90%
|
7.40%
|
6.60%
|
6.10%
|
0.45%
|
73
|
8.00%
|
7.50%
|
6.70%
|
6.20%
|
0.45%
|
74
|
8.10%
|
7.60%
|
6.80%
|
6.30%
|
0.45%
|
75
|
8.20%
|
7.70%
|
6.90%
|
6.40%
|
0.50%
|
76
|
8.30%
|
7.80%
|
7.00%
|
6.50%
|
0.50%
|
77
|
8.40%
|
7.90%
|
7.10%
|
6.60%
|
0.50%
|
78
|
8.50%
|
8.00%
|
7.20%
|
6.70%
|
0.50%
|
79
|
8.60%
|
8.10%
|
7.30%
|
6.80%
|
0.50%
|
80+
|
8.70%
|
8.20%
|
7.40%
|
6.90%
|
0.55%
|
• |
To receive the Income Benefit terms and Income Multiplier Benefit terms reflected
in this Supplement: Your application must be signed within the time period stated above and we must also receive the initial Purchase Payment within 60 calendar days after the end of this time period. However, if these criteria are not met, but
the Income Benefit terms and Income Multiplier Benefit terms of the next-effective Supplement do not change, then you shall be subject to the terms of that next-effective
Income Benefit Supplement, and we will extend the period for receiving the initial Purchase Payment to 60 days after the end of the time period of that Supplement. If
these conditions are not met, you will receive the Income Benefit terms and Income Multiplier Benefit terms that are in effect on your Issue Date. Under certain circumstances we may extend these time periods in a nondiscriminatory manner.
|
• |
We cannot change the Income Benefit terms or Income Multiplier Benefit terms for your Contract once they are established. If the Income Benefit terms and Income Multiplier Benefit terms you receive are unacceptable, you can cancel your Contract during the right to examine period.
|
• |
The Income Benefit provides no payment before the first Index Anniversary and until the Index Anniversary that the younger Eligible Person reaches age 50.
|
• |
Income Percentage Increases are not available until the Eligible Person(s) reaches age 45.
|
• |
The Income Multiplier Benefit is not available before the fifth Contract Anniversary.
|
•
|
If you begin Income Payments before age 59½, the payments will generally be subject to a 10% additional federal tax.
|