Integrity Life Insurance Co. has introduced a guaranteed lifetime withdrawal benefit with a spousal option to three of its flexible premium variable annuities: AnnuiChoice, Pinnacle and AdvantEdge. Called Guaranteed Lifetime Income Advantage, the benefit is available for an additional charge.
The opportunity to lock in gains and earn age-banded bonuses to the withdrawal benefit amount provides the chance to enhance long term growth potential. Guaranteed withdrawals are based on a lifetime payout amount; they are limited to contract contribution made under the rider.