Products: SPIA - Income Annuity
| Maximum Issue Age: | Period Certain: 100 Life Income: 80 Joint Income: 80 (both lives) |
| Minimum Premium: | $25,000 |
| Maximum Premium: | $500,000 without prior approval |
| Income Options Available | Period Certain: Miniumum 5 yrs; maximum 30 yrs Life Income: Life Only or Life w/ 5, 10, 15, or 20 yrs certain Joint Income: Life Only or Life w/ 100%, 75%, 66 2/3%, or 50% Qualified Joint Income: Life Only or Life w/ 100%, 75%, 66 2/3%, or 50% |
| Minimum Periodic Payment: |
$100 (Annual, Semi-Annual, Quarterly, or Monthly) |
| Impaired Risk Underwriting: | No |
| Commuted Values or Penalty Free Withdrawals: |
No |
| Nursing Home, Disability and Terminal Illness Waivers: |
No |
| LBL State Availability: | AR, AZ, CA, CO, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD*, MI, MS, MT, NE, NV, NM, NC, ND, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WV, WI |
| CLIC State Availability: | AK, AL, DC, HI, ME, MI, MO, TX, & VT |
The information above is a brief description. Please refer to the policy form for complete details, including state specific policy language.
* Not Available for Period Certain
