Retirement Gateway’s Personal Income Benefit℠ Hypothetical Illustration

The Personal Income Benefit℠ (PIB) is an optional "pension-like" plan benefit available for an additional fee through the Retirement Gateway® group variable annuity that can be funded with payroll contributions and rollovers from other plans. At a later date, it provides guaranteed lifetime withdrawal payments called the Guaranteed Annual Withdrawal Amount, or GAWA. This tool helps you understand how much the GAWA could be, depending on how much is contributed and/or transferred and the age at the time GAWA withdrawals begin.

About Retirement Gateway®

Retirement Gateway® group variable annuity is a long-term financial product designed for retirement purposes. In simplest terms, it allows company employees to build assets by contributing on a tax-deferred basis and at some point in the future, if they choose, to begin receiving retirement income. To provide the investment and insurance-related benefit, a group variable annuity contains certain fees, including contract fees, a mortality and expense charge, administrative charge, withdrawal charges, investment option fees and charges for any optional benefits elected. Group variable annuities will fluctuate in value and may be affected by market declines, including a possible loss of principal.

To learn more about how PIB works and to access Key Facts about the Personal Income Benefit℠, please refer to the “Results” section.