Give yourself a
happily ever after 90

It’s up to you. When applying for AgeUp, you can choose from two “death before payout age” options. Which option you should choose depends on whether you’d rather minimize risk or maximize future income.

Death before payout age options:

Yes (Money back, but smaller payouts)

With this option, if you die before reaching the target payout age, 100% of the premiums you’ve paid until that point will be returned to your chosen beneficiary. However, your payouts will be smaller if you do reach the target payout age. (This is called Single Life Annuity - Death Benefit Prior to the Annuity Date in the contract and illustration.)

No (Larger payouts, but no money back)

If you select no, your payouts will be higher if you reach the target payout age, but there’s no refund if you die before then. (This is called Single Life Annuity - No Death Benefit Prior to the Annuity Date in the contract and illustration.)

Every AgeUp comes with a Cash Refund Guarantee. That means that once you reach your target payout age, you or your beneficiary is guaranteed to get back at least what you paid in, regardless of what you choose for the “death before payout age” option described above.

For example, let’s say you choose a target payout age of 93 and pay a total of $15,000 in premiums. The day you turn 93, you and/or your beneficiaries are guaranteed to receive at least $15,000.

In addition to the death before payout age option you choose, the most important pricing factors are (all else being equal):

Premium amount

The larger your monthly premium, the higher your payouts.

Payout age

The higher the age when you begin receiving payouts, the larger each monthly payout will be. (Similar to how delaying your Social Security retirement age will increase your monthly benefit.)

Age today

The earlier you start AgeUp, the larger the payouts will be. That’s because 1) you’re paying premiums for a longer period of time, and 2) the premiums have more time to mature.

Gender

Women have longer life expectancies on average, so the payouts will be slightly higher for men than women if all else is equal. However, some states require uniform pricing regardless of gender.

Interest rates and other pricing factors

Each time we collect a monthly premium, we guarantee a future associated increase in monthly annuity payout amount that will never fluctuate. However, the amount of income you’ll receive for each monthly annuity payout depends on the projected interest rate environment and other pricing factors at the time of each premium.

Yes and yes. You have 10 days after each premium payment to cancel it for a full refund. You can also cancel or change the amount of future payments at any time, or pause AgeUp payments if money is tight, then start again when your finances improve.

It’s important to note that previous payments are locked in after 10 days, so the money you’ve paid will stay in effect until you reach the target payout age. (Or until death, if “yes” is selected for the “death before payout age” option.) AgeUp is designed for the long haul, so we’d recommend you think carefully before buying.