Securing Benefits for Key Employees – Product Features

Immediate Annuities

  • If the annuitant dies prior to the annuity commencement date, the net premium is paid to the contract holder.
  • Payment begins as early as 30 days following receipt of the premium and complete participant data.

Deferred Annuities

  • Payment of benefits may be deferred until the participant is ready to begin receiving income payments.
  • Alternate payment options available include (but are not limited to) the following, as permitted and requested by the plan:
    • Preretirement death benefit
    • Lump-sum cash option
    • Return of premium income protection feature
    • Annual cost-of-living adjustments to help fight inflation