Living Benefit Calculator
Compare income rider terms for a client scenario.
Enter a client's age, premium, and income-start year, then compare guaranteed lifetime withdrawal benefit rider terms across carriers, ordered by the modeled lifetime income each set of terms implies. Rider terms come from NEST reference data, which may be incomplete or out of date, so verify them with the insurer. The finished comparison can be attached back to the contact, lead, or policy it was run for.
Comparison
Compare GLWB riders by the income their terms imply.
The calculator models guaranteed lifetime withdrawal benefit (GLWB) riders from NEST reference data and the scenario you enter, and orders them by the hypothetical lifetime income each set of terms implies. It is a comparison aid for a licensed agent, not a quote, an offer, or a recommendation.
- Side-by-side comparison of rider terms across carriers in the reference data.
- Sorted by modeled lifetime income for the scenario you entered.
- Each row shows the rider terms behind its modeled figure.
- Results are estimates. Confirm every figure with the insurer.
Inputs
Drive it with the client scenario.
Enter the facts of the case: the client's age, the premium, the income-start age, and the payout type. The calculator runs the same scenario against every rider in the reference data, so the comparison reflects this scenario rather than a generic illustration.
- Client age and premium as the basis for the run.
- Income-start age - immediate or deferred to a target year.
- Payout type so single and joint-life cases are modeled separately.
- One scenario applied to every rider for a like-for-like read.
Data source
Rider terms come from NEST reference data. Verify them.
Rider terms are drawn from NEST reference data, which is illustrative, may be incomplete or out of date, and is not verified against carrier filings. NEST does not guarantee that a term shown matches what an insurer currently offers. Verify every term with the insurer before you rely on a result or show it to a client.
- Reference data is maintained by NEST and is not a carrier feed.
- Terms can differ from the insurer's current filed product.
- Shares the reference-data path with the Index Analyzer.
- Always confirm with the insurer's official materials.
Workflow
Attach the analysis to the client.
A finished comparison can be attached to the contact, lead, or policy it was run for, so your notes on the case live on the record instead of in a one-off file. Pair it with the Index Analyzer and your imported rate sheets when the case turns to the accumulation side.
- Save an analysis back to its originating contact, lead, or policy.
- Your reasoning stays on the client timeline.
- Hand off to the Index Analyzer for the accumulation side.
- Cross-reference your imported rate sheets for the rates you work from.
The rest of the case
The income side pairs with the accumulation side.
- Index AnalyzerWork the accumulation side - compare index crediting strategies and caps once the income rider is chosen.
- Rate sheetsImport your own carrier rate sheets and browse the annuity rates you work from in one place.
- ProjectionsModel a hypothetical projection from the chosen rider and scenario. Projections are not insurer-authorized illustrations.
FAQ
Common questions.
Educational tool. Results are hypothetical models built from the terms you enter or from NEST reference data that may be incomplete or out of date. They are not a recommendation of any insurer or product and not an offer of insurance. Verify every figure with the insurer and speak with a licensed professional.
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