June 5, 2023
Guaranteed Lifetime retirement income just got even better
Now available: Increased payout rates on the Bonus Income+ Rider.
Combining the Nationwide Peak® 10 fixed indexed annuity with the Bonus Income+ Rider (for an additional cost) means you can now provide clients even more guaranteed income for retirement they can’t outlive, as well as:
- An opportunity to outpace inflation
- Protection against market risk
Take a look at this hypothetical example
Maria, who is 65 years old, purchases a $250,000 Nationwide Peak 10 fixed indexed annuity contract with the Bonus Income+ Rider. Let’s see how much more annual income she could receive based on our increased payout rates, depending on when lifetime income withdrawals begin.
At 70 years old with an income benefit base of $420,000
New single-life payout: |
6.2% |
Previous: 5.4% |
New lifetime withdrawal amount: |
$26,040 |
Previous: $22,680 |
Payout amount increased by |
14.81% or $3,360 |
At 75 years old with an income benefit base of $540,000
New single-life payout: |
6.75% |
Previous: 5.95% |
New lifetime withdrawal amount: |
$36,450 |
Previous: $32,130 |
Payout amount increased by |
13.45% or $4,320 |
The lifetime income scenarios depicted are a hypothetical model intended to demonstrate the differences in payouts over time. Payout percentages will vary for single-life versus joint contracts. The income scenarios above are purely hypothetical and shouldn’t be considered a representation of what you may receive. The hypothetical income values were calculated assuming growth of the income benefit base at the higher of the 8% simple interest roll-up rate on the initial purchase payment (with 20% bonus credit) for the first 10 years multiplied by the appropriate lifetime payout percentage, which changes depending on the age at which lifetime income payments begin. This example does not include a lock-in of the index(es), minimum income benefit value, rider charges, withdrawals, or excess withdrawals.
1 (800) 772-6881 x7731 | sales@pfsinsurance.com
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