Income America - Participant

Introducing the Income America 5ForLife guarantee

Retirement income for life—guaranteed

You've spent your entire career working and saving for your future. As you watch the market fluctuate, you may be wondering: "Will my savings last as long as my retirement does?"

We get it—and that's why we developed Income America 5ForLife, a revolutionary retirement income solution. Income America 5ForLife allows you to accumulate savings while you work. When you turn 65, your income base is set to the greater of your contributions or the market value and cannot go down, even if the market drops.

Want to learn more?

Watch the video

Read the brochure

Responsive image

Estimate your guaranteed income during retirement

Run the numbers to see how your decisions may impact your guaranteed lifetime income amount.



Why Income America 5ForLife?

Guarantee your income

Guarantee your income

Regardless of market performance, you will receive 5% of your current income base, every year—for life. Your income base will be the amount you've contributed or your account's market value when you reach age 65, whichever is greater.

Guarantee your potential growth

Guarantee your potential growth

You get to participate in the market's upside while still being able to look forward to guaranteed income. When you reach age 65, any and all market gains to your income base are locked in.

Guarantee control

Guarantee control

You can take your account balance and leave at any time. No surrender charges. No time commitments. No exceptions.

Guarantee beneficiary protection

Guarantee beneficiary protection

Since this guarantee does not require you to forfeit your market value, if you pass away, remaining market value will be paid out to your designated beneficiaries.

Important information: Guarantees are subject to the claims-paying ability of the issuing companies. The income guarantee is based on the income base at age 65, which is set to the greater of your market value or your contributions (less withdrawals) to date. The market value of your account is never guaranteed and fluctuates based on investment performance. While you can withdraw the market value of your account at any time without any fees or penalties, doing so will cause you to lose the income guarantee. Your income base is never available for withdrawal, but is only used for calculating your income.

When you turn age 65 and at the time you elect to receive income, you must be invested in the 5ForLife In Retirement portfolio, and investment exchanges will be automatically implemented from any other 5ForLife portfolio to the 5ForLife In Retirement portfolio. If you make investment exchanges out of any 5ForLife portfolio, you may not make an investment exchange back into any 5ForLife portfolio within 90 calendar days.

If you withdraw more than the guaranteed annual income amount in any year, your income base and future guaranteed annual income amount will decrease. However, if your required minimum distribution exceeds your guaranteed income amount, your income base will not be affected and your payments will not be lowered. You may be able to roll over your balance to another retirement plan that offers Income America 5ForLife and retain the income guarantee, or to an IRA or plan that offers an option to retain the income benefit base and payout rate; however, the retirement plan or issuing insurer's IRA solution may have different investments, fees, and other features.

Income America 5ForLife: A unique collaboration

American Century Investments logo

Lincoln Financial Group logo

Nationwide Financial logo

Wilmington Trust logo

SS&C logo

Wilshire logo

Income America

Follow us:
LinkedIn - IncomeAmerica  Twitter - Income America

 

DISCLOSURES

The Income America Funds are Wilmington Trust, N.A. Collective Investment Funds (“WTNA Funds”), which are bank collective investment funds of the Wilmington Trust Collective Investment Trust; they are not mutual funds. Wilmington Trust, N.A. serves as the Trustee of the Wilmington Trust Collective Investment Trust and maintains ultimate fiduciary authority over the management of, and investments made in, the WTNA Funds. The WTNA Funds and units therein are exempt from registration under the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended. Investments in the WTNA Funds are not deposits or obligations of or guaranteed by Wilmington Trust, and are not insured by the FDIC, the Federal Reserve, or any other governmental agency. The WTNA Funds are commingled investment vehicles, and as such, the values of the underlying investments will rise and fall according to market activity; it is possible to lose money by investing in the WTNA Funds. Participation in Collective Investment Trust Funds is limited primarily to qualified defined contribution plans and certain state or local government plans and is not available to IRAs, health and welfare plans, and certain Keogh plans. Collective Investment Trust Funds may be suitable investments for participants seeking to construct a well-diversified retirement savings program. Investors should consider the investment objectives, risks, charges and expenses of any pooled investment company carefully before investing. The Additional Fund Information and Principal Risk Definitions (PRD) contains this and other information about a Collective Investment Trust Fund and is available at https://www3.wilmingtontrust.com/content/dam/wtb-web/wtb-migration/pdfs/Principal_Risk_Definitions.pdf or ask for a copy by contacting Wilmington Trust, N.A. at (866) 427-6885.

Diversification does not assure a profit, nor does it protect against loss of principal.

This material is not a recommendation to buy, sell, hold or roll over any asset; adopt an investment strategy; retain a specific investment manager; or use a particular account type. It does not take into account the specific investment objectives, tax and financial condition, or particular needs of any specific person. Investors should discuss their specific situation with their financial professional.

The Income America Funds are a series of target date portfolios. The Income America 5ForLife portfolios include a group annuity contract, which provides a plan participant with guaranteed annual retirement income that is supported by a contract between the trustee and the following issuing insurance companies:

  • The Lincoln National Life Insurance Company, Fort Wayne, IN. The Lincoln National Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so.
  • Nationwide Life Insurance Company, Columbus, OH.

Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates.

Contractual guarantees of annual retirement income are funded from the issuing insurance companies’ general accounts and are subject to the claims-paying ability of the issuing insurance company. Neither issuing insurance company is a trustee for any assets held in any of the collective investment funds.

American Century Investments® provides underlying sub-asset class management and target date glide path management as well as marketing support for Income America.

Each target date portfolio in the series may invest in a fixed annuity contract issued by Nationwide Life Insurance Company and The Lincoln National Life Insurance Company. This fixed annuity contract is separate from the group annuity contracts issued by the same entities which support the guaranteed annual retirement income.

The issuing insurance companies and their affiliates, distributors, respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice. Please consult your own tax or legal advisor for answers to your specific questions.

For more information, please contact your employer or your retirement plan provider.

All entities listed within this document are separate and nonaffiliated companies.

These investment options may not be available in all states.

The third-party marks and logos listed are the intellectual property of each respective entity and its affiliates.

© , Income America, LLC


IA-1874386.


Powered by:

SS&C