Jim and Mary: Income for two
“We want both of us to have protected income in retirement.”
Jim and Mary want to be confident they have enough income to support their lifestyle in retirement. They also want to ensure that the income will continue for the surviving spouse.
Why an American Legacy® Target Date Income variable annuity and the Target Date Income Benefit, available at an additional cost?*
- If they elect joint coverage, they’ll have protected lifetime income that covers them both.
- It will help them satisfy their Required Minimum Distributions (RMDs).
Jim and Mary like this plan because:
- Their income will never be reduced, even if one partner is no longer there.
- It simplifies their retirement income plan, so they can focus on what matters most to them.
*The Target Date Income Benefit is available for an additional annual charge of 1.10%, or 1.35% for joint coverage, above standard contract expenses (maximum annual charge of 2.25% single and 2.45% joint). As your Protected Income Base increases, your cost will increase proportionately. Withdrawals in excess of the allowable amount will adversely impact lifetime income amounts. Investment requirements apply.
Important information and disclosures