Eagle Select® Income Focus Wellbeing Benefit

Protecting retirement savings when a health event occurs

Health care costs can have a big impact on your retirement savings. But there are options to help ensure you can continue to build retirement income if you have an unexpected health event. One way? The Wellbeing Benefit, included at no additional charge on the Lifetime Income Benefit Rider (LIBR) when you purchase the Eagle Select® Income Focus fixed index annuity (FIA).1^ The Lifetime Income Benefit Rider (LIBR) with Wellbeing Benefit can be activated one time after a two-year waiting period for a maximum of five years. Depending on the LIBR chosen, an annual rider fee may be deducted from the contract value as long as the rider is attached to the contract. See brochure and disclosure for details. Wellbeing Benefit not available in CA or DE. 

The Wellbeing Benefit is designed to help minimize the financial impact of unexpected health events on your retirement savings. It can:

  • Potentially double income payments during treatment, for up to five years.
  • Help you cover daily expenses like groceries, travel and rent for hospital visits.
  • Will be activated one time, and there’s no confinement required.
  • Continue your guaranteed lifetime income payments after the health event

The Wellbeing Benefit can be activated if you’re unable to perform two out of six activities of daily living (ADLs), which include bathing, dressing, eating, continence, toileting and transferring. 2^This option has a set Income Account Value (IAV) rate, declared at issue and guaranteed for 10 years, plus the Wellbeing Benefit. The IAV is calculated on a simple interest basis. The rider fee is guaranteed for the life of the rider. There’s a one-year waiting period to start income.  

 

 

 

 

Footnotes


Annuity contract and riders issued under form series ICC18 E-BASE-IDX, ICC18 E-IDX-C-7, ICC21 E-E-PTP-C, ICC21 E-E-PTP-PR, ICC17 E-R-MVA, ICC20 E-R-EBR, ICC21 E-R-LIBR-W-FSP, and state variations thereof. Availability may vary by state.
Surrender charges may apply to excess withdrawals that exceed the annual free withdrawal available under the contract. You may be subject to a 10% federal penalty if you make withdrawals before age 59½.
Guarantees are based on the financial strength and claims-paying ability of the issuing company. Eagle Life Insurance Company® is a wholly owned subsidiary of American Equity Investment Life Insurance Company®. 
This material is for informational purposes only, and is not a recommendation to buy, sell, hold or rollover any asset. It does not take into account the specific financial circumstances, investment objectives, risk tolerance or need of any specific person. In providing this information, Eagle Life is not acting as your fiduciary as defined by the Department of Labor. Eagle Life does not offer legal, investment or tax advice or make recommendations regarding insurance or investment products. Please consult a qualified professional.