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Income

Income can refer to cash flow derived from a variety of sources, including personal earnings, investment earnings, businesses or even real estate. These forms of income are generally referred to as earned income. There are also sources of unearned income, particularly when discussing investments. Dividends, capital gains and interest are common examples of unearned income.

New Retirement Income Annuity from Fidelity and MetLife

Two leading companies are partnering to provide a new annuity offering. MetLife has developed the "MetLife Growth and Guaranteed Income (MGGI)" product that will be distributed exclusively through Fidelity . The MGGI is a deferred variable annuity that contains a guaranteed lifetime withdrawal benefit ( GLWB ) that, depending on the age of the client, ranges between 4 and 6 percent of the initial single premium. Fidelity will manage a relatively simply fund offering and the M&E fees on the...
Companies: 
Fidelity
MetLife
Key Phrases: 
Retirement
Retirement Income
Withdrawal
Fees
Income Annuity
Glossary: 
Annuity
Guaranteed Lifetime Withdrawal Benefit
Variable Annuity
Surrender Charge
Income
GLWB
Key Phrases:
Glossary: 
Annuity
Guaranteed Lifetime Withdrawal Benefit
Variable Annuity
Surrender Charge
Income
GLWB
Key Phrases: 
Retirement
Retirement Income
Withdrawal
Fees
Income Annuity
Companies: 
Fidelity
MetLife

Phoenix Income Choice

Glossary: 
Income
Annuity Product Types: 
Variable Annuity
Company Offering: 
Phoenix
Web Site: 
-
Phone Number: 
1-800-541-0171
Variable Annuity Fields
Minimum Premium Payment: 
35000
Maximum Premium Payment: 
1000000
Maximum Age at Start of Contract: 
90 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
5%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$24
Minimum Investment Management Fee: 
0%
Maximum Investment Management Fee: 
4%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
65
Maximum Number of Concurrent Investment Options: 
65
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
8%
Key Phrases:
Glossary: 
Income
Annuity Product Types: 
Variable Annuity

The Best of America America's INCOME

Glossary: 
Income
Annuity Product Types: 
Variable Annuity
Company Offering: 
Nationwide
Web Site: 
-
Phone Number: 
1-877-245-0761
Variable Annuity Fields
Minimum Premium Payment: 
35000
Maximum Premium Payment: 
2000000
Maximum Age at Start of Contract: 
85 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
3%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$0
Minimum Investment Management Fee: 
0%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
127
Maximum Number of Concurrent Investment Options: 
127
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
7%
Key Phrases:
Glossary: 
Income
Annuity Product Types: 
Variable Annuity

Nationwide Income Architect Annuity

Glossary: 
Annuity
Income
Annuity Product Types: 
Variable Annuity
Company Offering: 
Nationwide
Web Site: 
-
Phone Number: 
1-877-245-0761
Variable Annuity Fields
Minimum Premium Payment: 
25000
Maximum Premium Payment: 
1000000
Minimum Additional Premium Payment: 
500
Maximum Age at Start of Contract: 
85 years
Minimum Total Fees and Expenses: 
1%
Maximum Total Fees and Expenses: 
2%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
0%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
0%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$0
Minimum Investment Management Fee: 
0%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
71
Maximum Number of Concurrent Investment Options: 
71
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
7%
Key Phrases:
Glossary: 
Annuity
Income
Annuity Product Types: 
Variable Annuity

The Guardian Investor Income Access Variable Annuity (GIIA)

Glossary: 
Annuity
Variable Annuity
Income
Annuity Product Types: 
Variable Annuity
Company Offering: 
Guardian Life
Web Site: 
-
Phone Number: 
800-221-3253
Surrender Fees: 
4%
4%
3%
2%
0%
Variable Annuity Fields
Minimum Premium Payment: 
2000
Maximum Premium Payment: 
2000000
Minimum Additional Premium Payment: 
100
Maximum Age at Start of Contract: 
85 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
4%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
2%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
2%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$35
Minimum Investment Management Fee: 
0%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
46
Maximum Number of Concurrent Investment Options: 
19
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
10
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
4%
Commissions (Minimum): 
1%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Income
Annuity Product Types: 
Variable Annuity

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