Benefit Types:

Lifetime Income with Certain Period (Certain and Life)
Benefit payments continue for the greater of the period selected or the claimant's lifetime. The period may be defined in years and months. For example a 20 year certain and life benefit would be paid for 20 or an annuitants lifetime whichever is longer period of time.

Certain Income (Certain Only)
Payments continue for the period selected. The period may be defined in years and months from the funding date. For example a 20 year certain benefit out continue for 20 years to an annuitant or an annuitant's beneficiary or estate.

Cash Refund
Payments continue for life. If the claimant dies before the initial premium is recovered, the balance of the premium is paid in a lump sum.

Installment Refund
Payments continue for life. If the claimant dies before the initial premium is recovered, the annuity payments will continue to be paid until the balance of the premium has been refunded.

Lifetime Income (Life Only)
Payments continue for life and end upon the death of the claimant with no refund. A signed disclaimer will be required acknowledging that the owner fully understands the results of this choice.

Lump Sum
A single payment of a specific amount on a specified date.

Life Contingent Lump Sum
A lump sum payment which will only be paid if the claimant is living on the date payment is due.

Temporary Life
Payments are made for a specific fixed period or for as long as the annuitant is alive, whichever period of time is shorter.

Joint & Survivor
An annuity designed to provide payments for two annuitants jointly as long as either lives, with a stated percentage to the survivor. Pricing for a joint and survivor annuity is generally based upon the individual annuitant with the longest life expectancy.