Guaranteed Lifetime Income Rider (GLIR)

Saving for your retirement is often challenging and often requires sacrifices.  After you have put in those tough years of saving and doing the right thing you deserve a simplified and most of all guaranteed way to have income in retirement.

Pasgrove Insurance, through its affiliation with several insurance companies offers an excellent solution for retirement, saving and income for employees of non-profit organizations. Our Guaranteed Lifetime Income Rider for 403(b) and 457(b) flexible annuities can provide you with a Guaranteed Withdrawal Payment from the annuity that will last a lifetime…income that cannot be outlived!

Best of all, the GLIR allows you to take this guaranteed income from your annuity while providing access to the remaining money in the annuity if an emergency arises.

There are two GLIR options for you to choose from to power your income:

• Income based on a Benefit Calculation Base, a number used for income calculation only, that builds with a bonus plus a fixed Roll up rate providing a predictable income
• Income based on the Accumulation Value of the policy plus an activation bonus providing the potential for higher income instead of the security of a known roll-up rate