Great American Life Insurance Company Riders
IncomeSustainer Plus is our guaranteed income and death benefit rider that offers:
- 6% rollup
- Income percentages that increase annually
- Beneficiary choice of death benefit paid as lump sum or annuitized
- 50-85 (Q & NQ)
- Income payments may begin at age 55
This guaranteed income and death benefit rider offers a 6% rollup credit for income and death benefits, and a 12-year income rollup period. In addition to providing income options, the rider provides a guaranteed death benefit to beneficiaries. The death benefit is available after the fifth contract anniversary, and replaces the death benefit available with the annuity. Lump sum and annuitization payout options are available for the rider death benefit, and beneficiaries will be able to choose the death benefit payment option most attractive to them at the time of settlement.This is an optional rider that must be added at issue and is available for a charge that is currently 1.35%. The charge will be take at the end of each contract year and may increase if a reset is elected. Please note, asset allocation limits may apply to the declared rate strategy. Not available in all states.Please note that the income rollup period will end earlier under certain circumstances including the occurrence of the annuity commencement date (ACD) of the annuity contract. The ACD is generally no later than the contract anniversary following the date the owner or a joint owner reaches age 95. This means that, if the income rollup maximum period is 12 years and the contract is purchased when the owner is age 84 or above, then we may require the owner to annuitize the contract or to begin taking living benefit payments under the rider by that date, even though the owner has not received the 12 years of rollup credits otherwise available under the rider.
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