Product Information
Company name: Global Atlantic
Production date:
Production score: 67.00
Product type: wlti
Income base annual return: 6.82
Income base bonus: 0.00
Surrender period: 10
Product rider fee: 1.05
Product payout ratio: 4.25
Free Withdrawal: 10.00
Index A Franklin US Index
Recent 10 years return on base:
6.05
Recent 10 years return value:
6.37
Best 10 years return on value:
6.37
Best 10 years return on value:
6.37
Worst 10 years return on value:
4.24
Index B PIMCO Balanced Index
Recent 10 years return on base:
6.05
Recent 10 years return value:
3.55
Best 10 years return on value:
3.55
Best 10 years return on value:
3.55
Worst 10 years return on value:
2.08
Product notes SPDA
Product notes for rider:
At issue, clients will have a choice of two options for growing the Withdrawal Base. This illustration assumes option 1, Guaranteed Income Builder Benefit, is selected. Prior to activation of Lifetime Annual Payments, Option 1 provides a 10% Deferral Bonus to the Withdrawal Base. Deferral Bonuses will begin on the contract anniversary following the youngest owner's (or annuitant's if non-naturally owned) attained age 50. The Deferral Bonus will be based off Contract Value at contract anniversary prior to attained age 50 of the youngest owner (or annuitant if non-naturally owned) which is adjusted proportionately for withdrawals prior to Income Activation. The Deferral Bonus will cease at the time Lifetime Annual Payments are activated. After Lifetime Annual Payments have been activated, if the Contract Value ever exceeds the Withdrawal Base, the Withdrawal Base will increase to equal the Contract Value.
Product notes for base:
$541932 at 62, $200000 at 47
Product notes payout ratio:
Income Multiplier Benefit, Single: 3.75% at 55; 3.85% at 56; … 6.75% at 90+. Source: Crump