Get documents about "Rider to Sales Contract
W
Description
Rider to Sales Contract document sample
Document Sample
Sales Solutions
For Agent Education Only ~ Not for use in advertising to the general public. 13780 055669
Sales Solutions Income NOW for Life
Sales solutions
create value by
fitting product to client
For Agent Education Only ~ Not for use in advertising to the general public. 13780 055669
Sales Solutions Income NOW for Life
The Problem
Individuals want income they cannot outlive
(starting now) AND want to pass along as much
as possible to a surviving spouse or other
beneficiary
A Solution
BalancedAllocation Annuity™ with the
BalancedAllocation Annuity™ Income
Advantage™& the Family Endowment Rider®
The Family Endowment Rider® provides an enhanced death benefit upon the death of the annuitant equal to the
premium accumulated at an interest rate of up to 5% compounded through the longer of 8 years or age 85, never to
exceed age 90. After age 85/90, the rider benefit will not grow any further but will continue to be in place. The riders
are not available without purchase of the base annuity contract; once issued, the owner may not elect to terminate the
rider for any reason. The Family Endowment Rider ® is not life insurance and any benefit payable is taxable.
For Agent Education Only ~ Not for use in advertising to the general public. 13780 055669
Sales Solutions Income NOW for Life
Mr. and Mrs. Jones
Are 65 and 60 years old
Have saved for their retirement, want income now, but are
concerned about outliving their money.
Mrs. Jones is most concerned about what will be left for
her when Mr. Jones is gone, in the event he dies first.
For Agent Education Only ~ Not for use in advertising to the general public. 13780 055669
Sales Solutions Assumptions
Hypothetical Example
$1,000,000 Premium
Mr. Jones is age 65 at issue
Purchased BalancedAllocation Annuity 12™ with the optional
Income Advantage™ Rider & the 4% Family Endowment
Rider® (GMDB)
Assume 0% Interest Credited for 15 Years
Withdraws $55,000 at the end of each contract year
After 15 Years, has withdrawn $825,000 in guaranteed income
For Agent Education Only ~ Not for use in advertising to the general public. 13780 055669
Guaranteed Total Standard Death Our Death
Income Now using the Year Age Income Paid Income Benefit Benefit
BalancedAllocation Annuity
12™ with the Income 1 66 $55,000 $55,000 $945,000 $982,934
Advantage™ & Family 2 67 $55,000 $110,000 $890,000 $964,429
Endowment Riders®
3 68 $55,000 $165,000 $835,000 $944,166
Hypothetical Example 4 69 $55,000 $220,000 $780,000 $921,784
Premium • $1,000,000
5 70 $55,000 $275,000 $725,000 $896,871
Client age at issue • 65 Years
6 71 $55,000 $330,000 $670,000 $868,964
Income through age • 80 years
7 72 $55,000 $385,000 $615,000 $837,537
Death benefit growth • 4%
8 73 $55,000 $440,000 $560,000 $802,001
Annual BAA Net
9 74 $55,000 $495,000 $505,000 $761,690
Appreciation of 10 75 $55,000 $550,000 $450,000 $715,859
0 Percent 11 76 $55,000 $605,000 $395,000 $663,668
12 77 $55,000 $660,000 $340,000 $604,178
13 78 $55,000 $715,000 $285,000 $536,337
14 79 $55,000 $770,000 $230,000 $458,969
15 80 $55,000 $825,000 $175,000 $370,758
These hypothetical assumptions are not guaranteed; the use of alternate premium and rate
assumptions could produce significantly different results. For Agent Education Only ~ Not
for use in advertising to the general public. 13780 055669
Disclosures
For agent use only - not for use with the general public.
The BalancedAllocation Annuity Income Advantage™ [form BAAIR (09/09) or state variation] and the
BalancedAllocation Annuity™ Rider [forms PBDBR12HB (09/06), PBDBR12LB (09/06) or state
variation] and the Family Endowment Rider® [form DBR-BAA (09/09) or state variation], optional riders
for which a charge is deducted are issued by Aviva Life and Annuity Company, Des Moines, IA.
Product features, limitations and availability vary by State; see the Product Disclosure or contact your
Annexus representative for details.
If elected, the Family Endowment Rider® provides an enhanced death benefit upon the death of the
annuitant equal to the premium accumulated at an interest rate of up to 5% compounded through the
longer of 8 years or age 85, never to exceed age 90. After age 85/90, the rider benefit will not grow
any further but will continue to be in place.
The cost for this rider is automatically deducted from the interest in the contract and is guaranteed to never
exceed .60 percent of the contract's Accumulation Value per year.
The Rider will only guarantee the death benefit is equal to the initial premium provided no more than the
lesser of five percent of the initial premium or Accumulation Value is withdrawn at the end of any given
contract year.
Once issued, the owner may not elect to terminate the rider for any reason.
The Family Endowment Rider ® is not life insurance and any benefit payable under the rider will be taxable.
For Agent Education Only ~ Not for use in advertising to the general public. 13780 055669
