EliteDesigns® Fixed Period Annuity Option Calculator

This calculator shows how the EliteDesigns Fixed Period Annuity Option may allow you to treat part of your annuity payment as a non-taxable return of the cost basis. With this option, you can choose to receive annuity payments for a fixed period of time, ranging from 5 to 30 years. This calculator is designed for non-qualified EliteDesigns Variable Annuity contracts. If you have a qualified contract, you may not find this calculator helpful, as the tax treatment of withdrawals and annuity payments from a qualified contract will differ from what is shown in this calculator. Keep in mind this is one of a number of annuity options available under the EliteDesigns Variable Annuity. You should discuss with your financial professional which annuity option may be best for your financial situation.

To understand how different tax rates and assumed rates of return impact the amount of the annuity payment you may treat as a non-taxable return of the cost basis, you should consider running multiple scenarios with this tool. This calculator assumes the first annuity payment begins on the day this calculation was run. You should also read “About this Tool” in the disclosures for more details.