Income for Retirement
There are many different ways to tailor a payout rate for an income annuity. We can work with you to help determine the appropriate payout rate for your lifestyle.
Call 1.877.210.5565 ext. 356 to talk to a retirement professional about these options.
The following are examples of different retirement income payout rates. The examples are based on:
Rates effective: 10/01/2008
First payment: 11/01/2008
Premium: $100,000
| Monthly Annuity Income - Assumes use of insulated separate account provision | |||||
|---|---|---|---|---|---|
| Annuity Product Type * | Age 55 | Age 60 | Age 65 | Age 70 | |
| Male | Straight Life | 582.56 | 639.42 | 717.86 | 826.98 |
| Straight Life with Decreasing Return of Premium | 571.54 | 617.02 | 675.14 | 751.33 | |
| Straight Life with Inflation Protection Rider |
409.48 | 468.57 | 548.69 | 659.34 | |
| Female | Straight Life | 560.17 | 606.17 | 668.58 | 754.96 |
| Straight Life with Decreasing Return of Premium | 553.23 | 591.60 | 640.96 | 707.15 | |
| Straight Life with Inflation Protection Rider |
386.16 | 434.89 | 499.73 | 588.51 | |
| 75% Joint and Survivor (J&S) |
75% J&S | 541.06 | 582.66 | 638.36 | 715.63 |
| 75% J&S with Decreasing Return of Premium | 540.85 | 581.86 | 635.94 | 709.23 | |
| 75% J&S with Inflation Protection Rider |
368.30 | 413.44 | 472.54 | 553.06 | |
| 100% Joint and Survivor (J&S) |
100% J&S | 516.55 | 549.65 | 594.42 | 657.86 |
| 100% J&S with Decreasing Return of Premium | 516.35 | 548.90 | 592.17 | 651.97 | |
| 100% J&S with Inflation Protection Rider |
345.16 | 383.14 | 432.77 | 500.77 | |
* See annuity product type definitions for more details.
Notes:
- Joint and Survivor based on equal ages for males and females
- Based on qualified funds, contract issued in Iowa
- Rates subject to change without notice
- Annuities issued by Principal Life Insurance Company
*Guarantees are based on the claims paying ability of Principal Life Insurance Company.
In addition, rates shown are based on an insulated separate account provision. This provision provides that premiums and interest for ELM Income Annuities are held in a separate account by Principal Life Insurance Company and will be unavailable to other policyholder obligations of Principal Life or to creditors of Principal Life, until the benefits due under the ELM Income Annuities are fully funded. (This insulated separate account provision is available in most, but not all, states)
Rates shown are intended for hypothetical purposes only and actual rates available at time of purchase may be higher or lower than the rates displayed.
Retirement professionals are sales representatives for the members of the Principal Financial Group. Except under certain circumstances, they do not represent, offer or compare products and services of other financial services organizations. # 5720082009
