Global Atlantic Choice Income 11 is a 10-year fixed indexed annuity that grows a “retirement paycheck” you can’t outlive, personalize your growth potential, and protect against down markets.
Retirement income you can’t outlive
One of two ways to grow your source of lifetime income:
- A steady, guaranteed path that makes it easy to predict your retirement income –or–
- A path to potentially greater income that may keep growing even after your income starts
Build a “retirement paycheck”…for life
Whatever “retirement” means to you, one thing’s for sure: you’ll need a source of income that’ll last as long as you do.
If you’re looking to secure a source of retirement income that will be there no matter how long your retirement lasts, consider a Choice Income 10 Fixed Index Annuity.
Personalized growth potential
You have the ability to grow your money through a broad array of fixed and index-linked interest crediting strategies.
Down market protection
No matter how you choose to potentially grow your money, negative market performance won’t reduce it.
What is a fixed index annuity?
A fixed index annuity or FIA is a long-term savings vehicle that offers potential growth that may be linked to a market index (or indices).
FIAs are insurance contracts, not registered securities or stock market investments.
You are never invested in the index itself.
FIAs typically feature downside market protection which may make them appropriate for people who are unwilling to risk market losses.
An FIA may help offset the ups and downs of equities (like mutual funds) in a retirement strategy.
Personalize your growth potential
In addition to providing you with a source of lifetime income, Global Atlantic Choice Income 10 may also help you grow your contract value.
- A strategy for steady growth: Choice Income 10’s fixed crediting strategy can help you grow your contract value at a competitive annual fixed rate.
- Strategies for more growth potential: There are also a variety of other choices where the interest your contract value may earn is linked to the performance of an index, such as the S&P 500.
Every strategy includes a bailout provision which is an option to surrender your annuity contract without penalty, should certain conditions apply.
WHAT IS THE CONTRACT VALUE?
The contract value, less any applicable charges, is the surrender value, which is the money you can walk away with should you decide to cancel, or “surrender” the annuity.
WHAT IS AN INDEX?
An index tracks the overall performance of a group of stocks, bonds or other securities.
An index can be broadly representative of the market or be tied to a specific sector, such as technology.
Indices are used as an objective indication of market performance but are not available to invest in directly.
Down market protection
Never experience decreases from poor market performance.
Regardless of the interest crediting strategy you select, you can’t lose money due to poor market performance with Choice Income 10.
Why?
Because you’re not actually purchasing shares of any index, stocks, bonds or other market investments, you’re not subject to the volatility of unpredictable losses.
Starting your “retirement paycheck”
With Choice Income 10, you decide when to start receiving your income. Your Lifetime Withdrawal Percentage is how much of the Withdrawal Base you’re guaranteed to receive annually. This will be determined by your age when income starts and whether you wish to cover your life or the life of you and your spouse.
Your income won’t run out
As you start to receive income, your contract value is reduced.
The withdrawals, up to the guaranteed Lifetime Annual Payment (LAP) amount, do not reduce the Withdrawal Base, allowing your income to remain predictable.
Don’t worry if your income benefits exhaust your contract value.
You’re still guaranteed to receive the LAP every year until your death or, your spouse’s death, if joint income was elected.
If death occurs while you still have a positive contract value, your beneficiaries will receive the balance as a death benefit.
Additional income for the unpredictable
Help keep your retirement on track during a healthcare need Should you face a healthcare need, Choice Income 10 has a built-in benefit at no additional cost.
The Income Enhancement Benefit provides you additional income if you are certified by a healthcare professional as being unable to perform at least two of the six Activities of Daily Living (ADLs).
- Bathing
- Continence
- Dressing
- Eating
- Toileting
- Transferring
With this benefit, your guaranteed annual income amount will be doubled for up to five years.
Once the Income Enhancement Benefit ends, your income continues at the original guaranteed amount.
Check out a Long Term Care Annuity to supplement your long term care insurance needs.
