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Income Options

  • 1)

    Life Annuity – Periodic benefit payments are guaranteed for as long as the annuitant lives. Payments cease at death.

  • 2)

    Life Annuity W/Period Certain* – Periodic benefit payments are guaranteed for the number of periods chosen. If the annuitant lives longer, payments continue until his/her death.

  • 3)

    Period Certain W/O Life* – Periodic benefit payments are guaranteed for the number of periods chosen. If the annuitant dies before the end of that period, payments continue to the beneficiary as scheduled.

  • 4)

    Joint and Survivor Life** – Periodic benefit payments are guaranteed for as long as either of the annuitants lives.

  • 5)

    Joint and Survivor Life W/Period Certain** – Periodic benefit payments are guaranteed for the number of periods chosen. If either annuitant lives longer, payments continue until his/her death.

  • 6)

    Installment Refund – Periodic benefit payments are guaranteed until the sum of the benefit payments equals the single premium. If the annuitant lives longer, payments continue until his/her death.

7) Temporary (Life Contingent) – Periodic benefit payments are guaranteed for the number of periods chosen, as long as the annuitant is alive.

*Period certain is extremely flexible (to the day) **The owner may choose the Death Benefit percentage for Joint & Survivor options

Underwritten by: Companion Life Insurance Company A Mutual of Omaha Company Home Office: Hauppauge, NY 11788-2934 mutualofomaha.com

Annuities are an insurance product therefore not a deposit, not FDIC insured, not insured by any Federal Government Agency, not guaranteed by the bank, may lose value and the bank may not condition an extension of credit on either: 1) The consumer’s

Cost of Living Allowance (cola)

The owner may select a COLA of up to 6 percent of the initial annual benefit. The amount of the COLA may be as small as 2 decimal points (example 5.43 percent). The COLA is NOT available for the Lump Sum, Fixed Step, or Varying Payment options.

Payment Frequency

Payments may be made monthly, quarterly, semiannually or annually. Minimum payment $100.

Electronic Funds Transfer Available

Payments may be made directly to your bank account via the electronic funds transfer option, or by check via the mail. Transfers must be made between the 1st and 28th of the month.

Issue Age

Minimum

0

Maximum

85

Single Premium

Minimum Maximum

$10,000 $1,000,000 (without Companion approval)

Fees and Charges There is no policy fee and no front-end sales load.

Customer Service Companion Life Insurance Company 1-800-733-0662 8:00 a.m. to 4:45 p.m. (Eastern Time) Monday - Friday

purchase of an insurance product or annuity from the bank or any of its affiliates; or 2) The consumer’s agreement not to obtain, or a prohibition on the consumer from obtaining, an insurance product or annuity from an unaffiliated entity.

Policy Form 897Y-0908 901Y-1208

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