Deferred variable annuities with a guaranteed lifetime withdrawal benefit (GLWB)

Deferred variable annuities with a GLWB could provide you, or you and your spouse, with growth potential and guaranteed income for the rest of your life, starting when you're ready.


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Stay invested in the market and feel more secure with guaranteed income

Growth potential

Grow your future income and potentially outpace inflation, no matter how the market swings

Guaranteed income

Cover your essential expenses and avoid outliving your assets with a guaranteed lifetime withdrawal benefit

Flexibility

Access your money if you need it1 (fees apply when you withdraw early2 and guaranteed income will be reduced)

How does a guaranteed lifetime withdrawal benefit work?

Set up an Income Benefit Base minimum

You establish your Income Benefit Base3 minimum with your initial investment to help provide you with secure income while in retirement. Even if the contract value declines, the Income Benefit Base is protected from loss.


Let your initial investment steadily grow

Your Income Benefit Base minimum will increase by at least 5% simple interest on each contract anniversary for the first 10 years. Or until your first withdrawal, whichever comes first.


Take advantage of market growth

If your contract value grows by more than 5%, which is based on the performance of the Fidelity® VIP FundsManager® 60%4 fund, your Income Benefit Base minimum may increase, or reset to the higher amount.

Here’s how market growth could help build your guaranteed income

The following hypothetical examples illustrate what happens to your Income Benefit Base in both up and down markets. These examples assume that no withdrawals are taken in the first five years.

Sally's future income can grow in rising markets

  • Sally’s Income Benefit Base increases by a minimum of 5% every year.
  • If her contract value is greater than this minimum, her Income Benefit Base resets to the higher contract value.5
  • As Sally’s Income Benefit Base grows, so does her potential future income.
  • When Sally starts taking income at the end of the 5 years, her income amount is calculated by multiplying the value of the Income Benefit Base by the appropriate withdrawal rate based on her age.

This hypothetical example is for illustrative purposes only. It is not intended to predict or project specific investment results or income amounts.


*Guaranteed withdrawal amount is calculated by multiplying the Income Benefit Base at the end of the deferral period, 5 years in this case, by the applicable withdrawal rate. Since withdrawal rates increase as you get older, the longer you wait to take income the higher your potential income may be.

Adam's future income is protected from market downturns

  • Adam made his initial investment which establishes his Income Benefit Base. Unfortunately, he then encountered several years of market downturn.
  • Luckily, Adam's Income Benefit Base increases by 5% simple interest on each contract anniversary to protect his income from declining markets.
  • So, Adam can still build his future income regardless of under-performing markets.

This hypothetical example is for illustrative purposes only. It is not intended to predict or project specific investment results or income amounts.


*Guaranteed withdrawal amount is calculated by multiplying the Income Benefit Base at the end of the deferral period, 5 years in this case, by the applicable withdrawal rate. Since withdrawal rates increase as you get older, the longer you wait to take income the higher your potential income may be.

Quick details on deferred variable annuities with a GLWB

Deferred variable annuities with a GLWB are available through The Fidelity Insurance Network® through Nationwide Life Insurance Company6 and Pacific Life Insurance Company.7

Minimum investment


$50,000

Fees


Annual contract fees to include annuity charges, GLWB rider, and underlying fund fees.8

Fund research


View the Fidelity® VIP FundsManager® 60% performance

How to get started

  • Schedule an appointment
  • Tell us what you'd like from an annuity
  • Work in close collaboration with us to help create a plan that meets your needs

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Learn more about creating guaranteed income for your retirement

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Diversify how you create income in retirement to support your lifestyle.


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Questions?

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