Default - All states except NY
Integrity Life Insurance Company
IncomeSource Select is a deferred income annuity that converts a lump sum premium into guaranteed lifetime income payments starting on a date you choose. It's designed for investors who want predictable retirement income and can commit their capital without needing access to it.
Key Features
Issue Ages
Nonqualified/Roth: 18-83 | Qualified (non-QLAC): 18-69 | QLAC: 31-83Contracts can be issued at different age ranges depending on account type
Minimum Premium
$10,000 initial; $1,000 additional (or $100 for systematic payments)Starting deposit requirement for a new contract
Maximum Premium
$2,000,000 without prior approval (lower limits apply with Life Only or Return of Premium options)Cumulative premium limits vary by account type and features selected
Deferral Period
Minimum 13 months; Maximum 40 yearsTime between premium payment and when income payments begin
Payout Options
Life Only, Life with Period Certain (5-30 years), Life with Cash Refund, Life with Installment Refund, Period Certain OnlyChoose how payments are distributed over your lifetime
Payment Frequency
Monthly, quarterly, semiannually, or annuallyHow often you receive income payments
Increasing Payout Option (IPO)
1-5% annual increase (not available with QLAC; must be selected at issue)Annual income amount increases by a fixed percentage each year
Return of Premium Death Benefit
Optional; results in lower income payments if electedIf you die before income payments begin, beneficiaries receive premiums paid
Accelerated Payment Feature
Available for monthly payments only; limited to 2 requests; requires age 60+; 15 days noticeTake an advance of five monthly payments plus next scheduled payment in a lump sum
Income Date Changes
Up to 2 changes allowed; can move date up to 5 years earlier or laterAdjust when your income payments begin during the deferral period
Highlights
Lock in guaranteed income payments for life, starting at a future date you choose
Flexible deferral period of 13 months to 40 years gives you control over when income begins
Multiple payout options including life-only, period certain, and cash/installment refund choices
Available for nonqualified accounts, IRAs, and QLACs with age-appropriate terms
Limited ability to adjust income start date (up to 5 years earlier or later) during deferral period
Best For
Investors age 18-83 (depending on account type) who want guaranteed lifetime income, have a long-term investment horizon, and can commit capital without needing access to it for living expenses.
Consider Alternatives If
Anyone who may need access to their premium for living expenses or other purposes, or those uncomfortable locking in their money for an extended deferral period.
Free Comparison Report
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