Balloons, cake, parties—birthdays are pretty amazing. And at Income America, we think so, too. To help participants take advantage of the market’s upside, Income America™ 5ForLife has a step-up feature. Here’s how it works:

The participant’s initial contribution to Income America 5ForLife establishes an income base, which is guaranteed to never decrease as a result of market performance. It’s used to calculate the amount of guaranteed lifetime income payments each year. (The maximum income base is $4 million.)

Thanks to the step-up feature, every year on the participant’s birthday, their income base is compared to their current investment balance:

• If the investment balance is higher, the income base will be increased to match the Investment balance
• If the investment balance is lower, no adjustment will be made

This step-up feature is available as long as assets remain in the investment. And any resulting update to the guaranteed lifetime income payments will begin after the participant’s birthday and remains in effect for the following 12-month period (called a benefit year). Now that’s something to celebrate.