Guaranteed Income Estimator
How can you help protect your income against inflation?
What is an "Annual Increase Option" ?
You may purchase your fixed income annuity with a feature that will provide an increase in income payments each year – known as an annual increase – that can help hedge against potential inflation.
This feature must be added at the time of purchase and is available in two designs:
- a flat percentage of between 1 and 5% that compounds annually or
- an increase linked to the change in the Consumer Price Index (CPI).
The inclusion of this feature will require a larger premium investment in order to receive the same income
amount provided by an income annuity without an annual increase option.
The income payments will initially reflect a 2% annual increase. An annual increase can be removed by de-selecting the annual increase check box.