RBC Guaranteed Lifetime Withdrawal Benefit Rider and RBC Enhanced Guaranteed Lifetime Withdrawal Benefit Rider Calculator
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Guaranteed Lifetime Withdrawal Amounts assume no prior withdrawals have been taken and the maximum Lifetime Withdrawal Amount has been elected. Prior withdrawals may lower the Lifetime Withdrawal Amount. When the first Lifetime Withdrawal Amount is taken, the lifetime withdrawal percentage is locked in for life and the withdrawal amount is guaranteed not to decrease as long as excess withdrawals are not taken. Benefits for joint owners/annuitants are based on the younger owner/annuitant's age and are lower than the benefits for a single owner/annuitant.
Lifetime Withdrawal Amounts may be taken on a monthly, quarterly, semi-annual, or annual basis. Lifetime Withdrawal Amounts may be subject to taxation as ordinary income and if taken prior to age 59½ may be subject to a 10% IRS penalty tax. Lifetime Withdrawal Amounts do not qualify for the exclusion ratio. Please consult a tax advisor for assistance.
The RBC Enhanced Guaranteed Lifetime Withdrawal Benefit Rider provides a feature that will increase the Lifetime Withdrawal Amount in the event the owner/annuitant is permanently unable to perform, without substantial assistance, at least two of six activities of daily living. If the owner/annuitant meets the eligibility requirements of this rider, and the rider has been inforce for the enhanced benefit waiting period of at least 5 years, the Lifetime Withdrawal Amount will be increased/enhanced by 50%. (Please note: the enhanced benefit available via the RBC Enhanced Guaranteed Lifetime Withdrawal Benefit Rider is not available if the joint withdrawal option is selected.)
This calculator is designed to for illustrative purposes only. The RBC Guaranteed Lifetime Withdrawal Benefit Rider (policy form series AN3025) and the RBC Enhanced Guaranteed Lifetime Withdrawal Benefit Rider (form AN3026) are issued by Liberty Life Insurance Company. These contracts are available in most states and contain limitations. For complete information, please consult the annuity contract(s), rider contract(s), annuity disclosure(s) and rider disclosure(s) or contact RBC Insurance for complete details. Guarantees are based on the financial strength and claims-paying ability of RBC Insurance.
RBC Insurance® is the brand name for Liberty Life Insurance Company, a part of the global insurance operations of Royal Bank of Canada (RBC). RBC Insurance offers a diversified range of life protection and wealth accumulation products that help individuals and businesses manage risk and build for the future in today's complex, fast-changing world. Liberty Life Insurance Company is solely responsible for its financial obligations.
Operating under the master brand name of RBC, Royal Bank of Canada (TSX, NYSE: RY) is Canada's largest bank as measured by market capitalization and assets and one of North America's leading diversified financial services companies.
For more information on RBC Insurance, including current ratings, visit the RBC Insurance Web site at www.rbcinsurance.com/us 
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