- Withdrawals. You can access your contract value any time. Beginning immediately, up to 10% of the contract value is available annually without a withdrawal charge.
- Annuitization. Convert a lump sum into income guaranteed for your life, or your life and another person’s.
- Payout Options. Immediate annuities offer payout options for specific amounts or periods; plus, increasing payout options may help address inflation over time.
- SEPPs. Substantially Equal Periodic Payments taken at least annually for at least five years and to age 59½ are not subject to the 10% IRS penalty tax on withdrawals prior to 59½.
- Combination Plans. Pair two annuities — one generates immediate income, one pursues accumulation.
- RMDs. Required Minimum Distribution programs pay the amount traditional IRA owners and qualified plan participants must take yearly from accounts starting by age 72.
- Death Benefit. Distributions upon death provide payouts and may extend tax-deferral benefits for a beneficiary’s life.
- Commutation. Provides a lump sum from an immediate annuity for unforeseen life events while continuing reduced regular payouts.