New issue limits resulting from the 2006 IRS Defined Contribution Guidelines have increased the monthly benefit limit to:
| Individual Paid |
...from $3,550 to $3,725 (includes $50 monthly trust administration fee), or 15% of annual earned income (whichever is less).
If the Automatic Increase Option (AIO) rider is selected the new limit is $3,625.
|
|
| Employer Paid |
... from $4,550 to $4,800 per month (includes $50 monthly trust administration fee), or 19% of annual earned income (whichever is less).
If the AIO rider is selected the new limit is $4,700.
|
|
The minimum benefit remains the same at $1,000 per month.
The Retirement Security Product allows you to protect your clients’ ability to save for retirement while disabled.
Please call us for a quote. |
