June 2, 2022
GLIR is Not One-Size-FITS-All
Customize these unique features to meet your clients’ income needs.
The Max Bonus GLIR provides a onetime Activation Bonus that scales up payments when your clients are ready to start receiving income. The activation bonus effectively increases the amount of income they receive. If they are focused on receiving the max amount of income in retirement, the Max Bonus GLIR may be for them.
The Split Bonus GLIR provides a 5% Immediate Interest Credit to all premium payments in the first eight policy years and onetime Activation Bonus that scales up their payments when your clients are ready to start receiving income. If they are focused on boosting their accumulation value and receiving lifetime income, the Split Bonus GLIR may be for them.
Plus, both GLIR riders feature
- Activities of Daily Living-triggered GLIR Income Doubler doubles income when it matters the most (Not available in CA).
- Choice of Level or Increasing Income allows for annual income increases as a hedge against inflation.
View this brief summary of the increased income factors on GLIR effective May 2.
FIT Horizon Income – GLIR
Guaranteed Withdrawal Percentage increased by 65 basis points
FIT Select Income – GLIR
Guaranteed Withdrawal Percentage increased by 40 basis points
FIT Focus Income – GLIR
Bonus on standard GLIR increased to 15%
Roll up increased to 5%
Guaranteed Withdrawal Percentage increased by 65 basis points
FIT Horizon Growth – Legacy Death Benefit
Roll up increased to 4% compounding, stacked with dollar amount of indexed interest
FIT Focus Growth – Legacy Death Benefit
Roll up increased to 8% simple
