Guaranteed Lifetime Withdrawal Benefit (GLWB) | Deferred Variable Annuities

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

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

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

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.

Growth potential 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.

Growth potential in declining markets

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.

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

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