Global Atlantic Income 150+ is a fixed indexed annuity that provides steady bonuses to help grow potential income, personalize your growth potential, and increase your income for the unpredictable.
Income 150+ provides:
Guaranteed income with flexibility
Steady income growth is applied annually during the five years of deferral before income starts.
Plus an added boost is credited if you decide to wait 10 years to start your income.
Personalized growth potential
You have the ability to grow your money through a broad array of fixed and index-linked interest crediting strategies.
Additional income for the unpredictable
An added income benefit is available for a potential healthcare need at no extra cost.
Create a flexible income strategy
Retirement is when the daily grind ends and you can do more of what you want when you want.
But to afford that kind of flexibility, you’ll need a flexible income strategy.
Like most people nearing retirement, you’ve worked hard for decades and achieved a standard of living that you’ll want to maintain through your golden years.
But will your savings be enough to sustain the income you’ll need for the days ahead?
If you’re looking to build an income strategy that adapts to your needs, consider Income 150+ fixed index annuity.
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.
Features and Benefits
Guaranteed income with flexibility
With Global Atlantic Income 150+, you can grow your income by steady, predictable amounts in the early years – no need to wait decades to see your money grow.
And if your plans change, Income 150+ provides additional income growth in the later years as well.
Personalize your growth potential
In addition to providing you with a source of lifetime income, Income 150+ may also help you grow your contract value.
Every strategy includes a bailout provision which is an option to surrender your annuity contract without penalty, should certain conditions apply.
Starting your “retirement paycheck”
With Income 150+, 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, Income 150+ 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).
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.
