Products and product features are subject to state and firm variations and availability. Contact your back office or the Global Atlantic sales desk for product availability.
Guaranteed lifetime income and growth potential on a flexible schedule
Provide your clients with an annuity for steady income growth. Income 150+ SE offers a 20% Income Boost to their Withdrawal Base on day one,1,2 and if they are further away from retirement, the potential for larger income payments.
Those who have not activated income withdrawal immediately receive 7.5% Income Boosts annually in years two through five. And if income has not been activated by year 10, they receive a boost to the Withdrawal Base equal to 150% of the interest credits applied to the contract value in years one through nine.
The Flexibility to choose between two Payment Options
Income 150+ offers two options for Lifetime Annual Payments; a standard Level Payment Option providing level payments for life, or the Lifestyle Payment Option,* designed to provide a higher level of income during the early years of retirement, when spending habits are typically at their highest. Payments level off and then decrease in later years, as spending habits are typically lower.** The Guaranteed Lifetime Annual Payment amount is based on the age of the covered life at the time of income activation for single life activation, or the younger of two covered lives in the event of joint income activation. Payments will be highest in the Active Payment Phase due to the Enhancement Percentage and lower in the remaining phases.
*Feature may not be available in all states. The Lifestyle Payment Option is not available in CA.
**Assuming no excess withdrawals
Important information for the Lifestyle Payment Option
Provides guaranteed Lifetime Annual Payments divided into three Payments Phases that are based on attained age: Active, Steady, Legacy.
The Lifestyle Payment Option is only available for election until age 70.
The Steady Phase (ages 73-82), will begin on the Contract Anniversary on or following the date on which the Covered Life for Single Life (or the youngest Covered Life for Joint Life) reaches the Attained Age equal to the Steady Payment Phase Start Age.
The Legacy Phase (ages 83+), will begin on the Contract Anniversary on or following the date on which the Covered Life for Single Life (or the youngest Covered Life for Joint Life) reaches the Attained Age equal to the Legacy Payment Phase Start Age.
Planning for the unexpected
Income 150+ SE includes the Income Enhancement Benefit, which will double your client’s guaranteed annual income amount for up to five years if they are unable to perform two or more Activities of Daily Living (ADLs).3,4
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Tools to guide you
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Income 150+ SE resources
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Linked Indices
Share any of the links below to help your customers understand how these crediting methods and indices work.
Indices are not available for direct investment.
Crediting Strategies
When considering a fixed index annuity, it is important to evaluate all of the product’s available interest crediting strategies to determine which strategy – or combination of strategies – works best for your client’s retirement goals.
Crediting methods and indices are subject to state availability and variations.
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