Home >> Who We Are >> The Bonus AdvatageSM Annuity
bonus advantageSM annuity
As you know, through our partnership with Innovation Design Group, we are
continually developing new solutions to help you dominate your local market. We're excited to announce yet another powerful product - one that combines
key features our advisors have asked us to bring back as well as a new benefit offered by
no other product in the industry today!
The result? An incredibly powerful solution for clients wanting income they can't outlive as well as an unmatched ability to leave a lasting legacy!
Developed in partnership with Forethought and Innovation Design Group, this new product offers:
- 5% Premium Bonus applied to both the Contract Value and the Income Base at issue1
- Income Base guaranteed to grow at 6% compounded annually2
- The Enhanced Death Benefit can grow up to 250% of the premium for issue ages 55-69, less an adjustment for withdrawals 3
- Valuable Nursing Home & Terminal Illness Waiver riders4
- 7% Commission (5.5% ages 76-80)5
Enhanced Income Benefit
- 8% Income Payments if clients wait until after the 10th year to start taking income!6
- The 8% Income Payment will last until it exceeds the remaining Contract Value, and then the payment will adjust to the income benefit factor percentages as determined by the client's age when income payments were activated.
We're confident the
Bonus AdvantageSM will give you a competitive advantage in upcoming appointments, so call our Marketing Team today at (866) 363-9595, and let us help you put it to work and start closing more sales today!
1The 8% Premium Bonus vests over 10 years and is not immediately available for withdrawals or on cash surrender. The Income Base is for determining future income; it does not have a cash value and is not available for cash withdrawals.
2Income Base grows at each Contract Anniversary until the earliest of the tenth Contract Anniversary, age 85, or the income start date. The annual accumulation rate does not apply to the Contract Value or death benefit.
3The Enhanced Death Benefit is an alternative to the Bonus Advantage base annuity death benefit option. The Enhanced Death Benefit is equal to the Income Base prior to the income start date, subject to a cap of the premium less an adjustment for withdrawals. After the income start date, the death benefit will be reduced for any lifetime income payments on a dollar-for-dollar basis. Any withdrawals in excess of the guaranteed lifetime income payments will reduce the death benefit on a pro-rata basis. The maximum Enhanced Death Benefit is less than 250% of premium for issue ages 70 and older. The Enhanced Death Benefit does not accrue interest.
4Subject to state availability. Nursing Home Waiver referred to as the Confinement Waiver Rider in CT.
5Commission for issue ages 55-75 is 8.00% at issue, and 5.00% at issue for ages 76-80. An additional 0.50% may be earned for production of more than $1 Million of premium in a calendar year.
6Increased Temporary Annual Income amount payable until it exceeds remaining Contract Value, at which time the annual payment adjusts to the amount of guaranteed lifetime income payments.
