Distribution Type
Select a distribution type from the drop-down list. Some options are mutually exclusive and/or must comply with Face Amount and Distribution rules. To schedule distribution changes click Add Row feature and make the desired changes.
- None – No distributions are needed.
- Specify Amount – Enter the desired amount in the Distribution Amount field.
- Solve for Income – Select this option to solve for loans and/or withdrawals so the policy's cash surrender value equals the Solve Target, Solve Target Amount and Solve Target Year specified in the Solve section below.
- Lifetime Income Benefit – Select this option to calculate the lifetime income benefit provided enough policy cash value exist and certain conditions are met. This option is only available if Lifetime Income Benefit Rider (LIBR) is approved in the issue state.
Withdrawals and loans rely on policy values that are not guaranteed and have different tax ramifications. The policy owner should consult with an attorney, accountant or financial planner prior to taking disbursements from a policy.