If the annuity contains pre-tax dollars, the time period cannot exceed the annuitant's life expectancy. Lifetime Income with Certain Period Benefits can continue for a certain period of time or a lifetime, whichever is greater. If the annuitant dies before the time period has ended, the remainder of the payments for the time period will be made to a beneficiary. Life Income with Cash Refund Benefits can continue for life. This option allows for the highest lifetime benefit payments or lowest premium for a specific lifetime payment since there is no guaranteed number of payments.
Payments continue for life and end upon the death of the annuitant.
Rates subject to change.