April 19, 2022
Great News! Income Factors on GLIR are Going Up
Rates are also increasing on the Legacy Death Benefit Rider.
Effective for all policies issued on or after May 2.
View this brief summary of the changes.
Rates will increase as follows.
FIT Horizon Income – GLIR
Guaranteed Withdrawal Percentage increasing by 65 basis points
FIT Select Income – GLIR
Guaranteed Withdrawal Percentage increasing by 40 basis points
FIT Focus Income – GLIR
Bonus on standard GLIR increased to 15%
Roll up increased to 5%
Guaranteed Withdrawal Percentage increasing 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
Marketing materials, eApp and Illustrations will be available on May 2.
Note on Pending Business
Don’t worry! Pending business submitted on the current applications will receive the higher rates if issued on May 2 or later. No new application required!
