Piece is approved for use in all other states except: GA, OR, and NY.
IncomeToday! 2.0 is a single payment immediate annuity (SPIA) that can provide a guaranteed fixed income stream that can’t be outlived. IncomeToday! 2.0 offers flexibility through a feature called the Advance Withdrawal Benefit, which allows clients to take a one-time advance on a portion of their future income when a Period Certain income option is selected.
This feature provides a one-time advance on a portion of a client’s future income stream. Clients have the freedom and flexibility to use it as they choose: for travel, health-related expenses, a financial emergency — it’s up to them.
It is available with any Period Certain payout option, but a Life option with Period Certain is even more optimal because payout amounts decrease only for the years remaining in the Period Certain.
In this example, once the guaranteed period is over, in the eleventh year annual payments jump back up for the remainder of the client’s life — to the payment level as if no withdrawal had been taken.
This is a hypothetical example for illustrative purposes only. It is not indicative of any particular investment or guarantee of future performance.
90 for either owner and/or annuitant (85 for Single/Joint Life only options)
Guarantee an income that can’t be outlived, or guarantee income for a certain time period
Period certain
Single life options
Joint life options
Including choice of 100%, 66.67% or 50% to continue upon death of first individual:
*If first death occurs during the Period Certain, any reduction in income for the 50% and 66.67% options will not occur until after the Period Certain ends.
Available on a monthly, quarterly, semi-annual or annual basis
1st - 27th of the month. The initial income payment may begin up to one year from contract issue.
Convenient EFT (Electronic Funds Transfer) will send payments directly to the client’s bank account
The Advance Withdrawal Benefit is available with Annuity Income Options that include a period certain guarantee.
Under the Advance Withdrawal Benefit, clients may take a one-time withdrawal at any time prior to the end of the guaranteed period certain. The amount available for withdrawal is 25%-75% of the Withdrawal Value (present value of the remaining income payments in the Period Certain). The minimum withdrawal is $1,000.
A withdrawal will reduce the amount of the annuity income payment for the remainder of the period certain. The reduction will be in direct proportion to the percentage of the withdrawal to the Withdrawal Value.
If a fixed Period Certain only option is selected, the income payments will stop at the end of the guaranteed period. If a Single or Joint Life option with a Period Certain is selected, the income payment amount at the end of the guaranteed period will return to the amount that would normally have been paid as if no withdrawal was made.
Death benefits vary by the Annuity Income Option selected
The following options may be selected/deselected for purposes of preserving eligibility for certain external and/or government benefits. Your clients should consult with an attorney to determine appropriate suitability.
Your annuity sales team can provide a custom illustration for your next case:
IncomeToday! 2.0 is not available in New York.
IncomeToday! 2.0 is a single payment immediate annuity. The guarantees in IncomeToday! 2.0 are subject to the financial strength and claims-paying ability of the issuing insurance company. One should thoroughly review their contract for specific details of the product features and costs.
Income payments and withdrawals from immediate annuities are generally taxable as ordinary income in the year in which taken. When purchased as part of an IRA or other qualified plan, the IRA or qualified plan already provides tax deferral of earnings and the annuity contract does not provide any additional tax deferred treatment of earnings. Withdrawals taken from a qualified plan prior to age 59 1/2 may incur a 10% federal tax penalty.
Keep in mind that the Annuity Income Option, Frequency and Payment Dates cannot be changed once elected. Availability of some Period Certain durations may be limited.
Some products and features may not be available in all states and features may vary by state. Not all products, features and optional benefits are available from all firms. Please consult with your firm before providing any products/services or materials listed here.
Not a deposit - Not FDIC/NCUA insured - Not insured by any federal government agency - Not guaranteed by any bank of credit union - May go down in value.
This information should not be considered as tax or legal advice. Clients should consult their tax or legal advisor regarding their own tax or legal situation.
Policy Form Numbers: ICC21-70645, 21-70645, ICC21-70647, 21-707647, ICC21-70648, 21-70648, and any state variations.
DOFU 3-2025
4279047
