Income Annuity Product Definitions

Straight Life Income Annuity

Provides income during the lifetime of the annuitant. Upon the death of the annuitant, all payments cease.

Straight Life Income Annuity with Decreasing Return of Premium

Provides income during the lifetime of the annuitant. Upon death of the annuitant, all payments cease. This example includes Decreasing Return of Premium, a lump sum amount that will go to the beneficiary if the annuitant dies within 10 years. This amount starts at $100,000 and reduces each month until it becomes $0 after 10 years. Go to elmannuity.com where you can learn about the flexibility with this option.

75% Joint and Survivor Life Income Annuity

Provides income during the lifetime of the annuitant and joint annuitant. At the death of the annuitant, the income payment is reduced to 75% of the original payment. Upon the death of the joint annuitant, all payments cease. Other percentages may be selected for the joint annuitant.

75% Joint and Survivor Life Income Annuity with Decreasing Return of Premium

Provides income during the lifetime of the annuitant and joint annuitant. At the death of the annuitant, the income payment is reduced to 75% of the original payment. Upon the death of the joint annuitant, all payments cease. This example includes Decreasing Return of Premium, a lump sum amount that will go to the beneficiary if the annuitants die within 10 years. This amount starts at $100,000 and reduces each month until it becomes $0 after 10 years. Go to elmannuity.com where you can learn about the flexibility with this option.