Choice of Guarantee Periods and Renewal Options2
You choose the Guarantee Period (5, 7 or 103 years) that best fits your needs. Once the period ends, you can renew it or choose a different period and take advantage of other options.
Retain Access to Your Assets
Unexpected needs arise, which is why you can withdraw portions of your account value. A withdrawal charge and a limited Market Value Adjustment (MVA) may apply.4 Under special circumstances, you can access your assets without a withdrawal charge or an MVA.5
Make sure that when you pass away, your beneficiaries receive the full account value with no withdrawal charge or Market Value Adjustment. If your spouse is your primary beneficiary, he or she can choose to assume ownership of the annuity.
Turn your assets into a steady stream of income payments that will last for as long as you want, or as long as you live. This income is guaranteed to remain the same, even if the market declines.6