Rollover Options

• Rollover Tax Considerations
• Keep the Money in Your Plan
• Purchase an Annuity
• Annuity
• Invest in a Fixed Income IRA
• Invest in an IRA with Mutual Funds

Resources

Retirement Calculators

An insurance product purchased with a single premium amount, an annuity provides a series of income payments that you can use to guarantee income for your lifetime or for a specific period of time. A fixed annuity provides benefits that will never change.¹

The following payment options are available:

• Life Only
  Benefits are payable to you for your lifetime, with payments beginning on the date you select and ending at your death.
• Life With Period Certain
  Benefits are guaranteed for the number of months you specify (60, 120, 180 or 240) and continue thereafter for your lifetime. If you should die during the guaranteed period, the income payments for the balance of the period are paid to the beneficiary you select.
• Period Certain Only
  Benefits are guaranteed for the number of months you specify (60, 120, 180 or 240). If you should die during the guaranteed period, the income payments for the balance of the period are paid to the beneficiary you select.
• Joint and Survivor
  Benefits are payable to you for your lifetime, with payments beginning on the date you select. Upon your death, a selected percentage of your benefit (50%, 66 2/3%, 75% or 100%) becomes payable to the joint annuitant you specified at the time of purchase. Payments continue until his or her death.
• Installment Refund Protection (optional)
  This feature may be added to your annuity payment option at the time of purchase. With the installment refund feature, periodic payments continue to your beneficiary from the date of your death until the sum total of all annuity payments equals the net annuity premium.
• Cash Refund Protection (optional)
  This feature may be added to your annuity payment option at the time of purchase to ensure that the total benefits received equal the net annuity premium. With the cash refund feature, your beneficiary receives a single sum payment equal to the difference between the net annuity premium and the sum total of all annuity payments made.

¹ Benefits payable under a fixed annuity will not vary unless you have selected a joint and survivor payment form. Under that option, the survivor benefit may change to a lower benefit payment based upon the percentage you have selected.