Great-West Life & Annuity Insurance Company and Great-West Life & Annuity Insurance Company of New York do not offer or provide investment, fiduciary, financial, legal, or tax advice, or act in a fiduciary capacity, for any client unless explicitly described in writing. Please consult with your investment advisor, attorney and/or tax advisor as needed.
Great-West Financial®, Empower Retirement and Great-West InvestmentsTM are the marketing names of Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York, Home Office: NY, NY, and their subsidiaries and affiliates, including Advised Assets Group, LLC and Great-West Capital Management, LLC. AM484510-0518
©2018 Great-West Life & Annuity Insurance Company. All rights reserved.
Unless otherwise noted: NOT FDIC, NCUA/NCUSIF INSURED | NOT A DEPOSIT | NOT GUARANTEED BY ANY BANK OR CREDIT UNION | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | FUNDS MAY LOSE VALUE | NOT A CONDITION OF ANY BANKING OR CREDIT UNION ACTIVITY.
1. Rebalancing does not ensure a profit and does not protect against loss in declining markets.
2. Beneficiaries receive the greater of account value or sum of all contributions less the proportionate impact of withdrawals.
3. Unlimited transfers between sub accounts are allowed within each strategy. Some funds may impose transfer restrictions. A transfer from the Investment Strategy to the Income Strategy will trigger the GLWB fee. A transfer from the Income Strategy to the Investment Strategy may be considered an excess withdrawal. After transferring out of the Investment Strategy, the customer may be restricted from transferring money into the Investment Strategy for 90 days. A full withdrawal of the covered fund other than by guaranteed annual withdrawal or market performance will result in the cancellation of the guarantee.
4. If joint withdrawals are elected, the joint distribution percentage will be based on the younger person’s age.
5. Applies to Great-West Secure Income Foundation, Great-West Secure Income Plus and Great-West Secure Income Max only. Additional GLWB riders may be available. Income increases via annual step-ups and/or age-band income resets are calculated automatically on the ratchet date. Income increases will go into effect if the maximum GAW is elected. Otherwise, eligible increases may be elected at any time.