A single premium immediate annuity that offers multiple payment options and choice of payment frequency:
- Can provide you an income option you can't outlive
- Offers cost of living adjustments
- If you have certain health conditions, you can receive larger payouts without increasing your premium
For a free consultation about annuities, find an agent.
Who needs this?
Ultra-Income may be right for you if you are:
At retirement
- Currently utilizing income from your retirement investments
- Need to replace income from your regular paycheck
- Require funding for your current living expenses
Nearing retirement
- Want to fund an early retirement
- Require a supplement income
Payment Options
- Life Annuity – Periodic benefit payments are guaranteed for as long as the annuitant lives. Payments cease at death.
- Life Annuity w/Period Certain* – Periodic benefit payments are guaranteed for the number of periods chosen. If the annuitant lives longer, payments continue until his/her death.
- Period Certain w/o Life* – Periodic benefit payments are guaranteed for the number of periods chosen. If the annuitant dies before the end of that period, payments continue to the beneficiary as scheduled.
- Joint & Survivor Life** – Periodic benefit payments are guaranteed for as long as either of the annuitants lives.
- Joint & Survivor Life w/Period Certain** – Periodic benefit payments are guaranteed for the number of periods chosen. If either annuitant lives longer, payments continue until his/her death.
- Installment Refund – Periodic benefit payments are guaranteed until the sum of the benefit payments equal the single premium. If the annuitant lives longer, payments continue until his/her death.
* Period certain is extremely flexible (to the day)
** The owner may choose the death benefit percentage for joint and survivor options
