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Global Atlantic | Increase to Lifetime Withdrawal Percentages on Income 150+ SE

November 1, 2021

 Income 150+ SE fixed index annuity Lifetime Withdrawal Percentages increase to take effect November 8, 2021.

Global Atlantic

Effective November 8, 2021, the Lifetime Withdrawal Percentages on Income 150+ SE fixed index annuity will increase by 20 bps (0.20%). Global Atlantic is committed to offering products with compelling benefits at reasonable costs, so we routinely review all products, features, and associated fees and charges. This is for new business only, as in-force contracts are not affected.

With this change, Income 150+ continues to strive to deliver features and benefits that are top-tier in the industry for investors seeking to build a reliable source of income for retirement.

NAIC Training
A revised version of the NAIC training will be available on November 8, 2021. Financial professionals who have previously completed NAIC Income 150+ SE training will not be required to retake the training. The NAIC code will remain the same.

Marketing Materials
Marketing materials will be updated and available on November 8, 2021.

New Business

  • All applications issued on or before November 5, 2021, will receive the prior lifetime withdrawal percentages.
  • Applications issued on or after November 8, 2021, will receive the new lifetime withdrawal percentages.
  • An updated disclosure document will be available with the new lifetime withdrawal percentages. The older disclosure form will not be accepted for business received on or after December 8, 2021.
For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

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