National Life Group Income Driver 10 Fixed Indexed Annuity – Guaranteed Lifetime Income with Principal Protection
At Diversified Insurance Brokers, we help clients access and understand top retirement products from over 75 carriers. The Income Driver 10 Fixed Indexed Annuity, issued by National Life Group, is a standout for those seeking reliable growth and guaranteed income.
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🔍 Product Highlights
The Income Driver 10 is a fixed indexed annuity designed for individuals looking to protect their savings while creating a stream of lifetime income. It offers both immediate and deferred income options, giving you flexibility to tailor the annuity to your retirement timeline.
Guaranteed Lifetime Income Options
This annuity includes a Guaranteed Lifetime Income Rider (GLIR) with two options: a no-fee rider or a rider with a 25% bonus to the income base. These features help you lock in future income, either right away or after a deferral period for greater long-term payouts.
Index-Based Growth Potential with No Market Losses
Your account value earns interest based on the performance of selected indexes, such as the S&P 500 or custom global strategies. Even during market downturns, your principal remains protected—ensuring that you never lose value due to index performance.
Access to Your Money When You Need It
After the first contract year, the Income Driver 10 allows for penalty-free withdrawals of up to 10% of your account value annually. This helps provide liquidity while preserving long-term income guarantees.
Death Benefit Protection
If the annuity owner passes away, beneficiaries receive the greater of the account value or the minimum guaranteed value. If an income rider is in place, some additional death benefit features may apply.
Flexible Strategy Options
The annuity offers several index crediting strategies with annual reset and cap or participation rate options. These give you control over how your interest is credited, based on your risk tolerance and income needs.
This annuity is built for those who want to secure income in retirement without giving up control or growth opportunities.
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Our team specializes in fixed indexed annuities like the Income Driver 10. We help you compare products across 75+ top-rated carriers, so you get the most suitable combination of growth, income, and protection for your retirement plan.
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Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: National Life Group Income Driver
What is the Income Driver annuity?
Income Driver is a fixed indexed annuity from National Life Group that includes an optional lifetime income benefit offering predictable, guaranteed retirement income while still allowing for indexed growth potential.
How does the income benefit work?
The income benefit creates a separate benefit base that grows under contract rules and is used to calculate guaranteed lifetime withdrawals. It is not a cash value but a calculation value used to determine your income stream.
What index strategies are available?
The contract typically offers multiple crediting methods—such as participation-rate strategies, cap strategies, or fixed interest allocations—allowing you to mix and match for growth potential while maintaining downside protection.
Can my lifetime income increase over time?
Depending on the version selected, the income rider may allow for income increases when indexed interest credits raise the contract’s values, helping offset inflation over long retirement periods.
Is there a fee for the income rider?
Most versions of Income Driver include an annual rider fee. This fee is deducted from the contract’s accumulation value and supports the enhanced guarantees provided by the lifetime income feature.
Is my principal protected?
Yes. As a fixed indexed annuity, your premium and credited interest are protected from market losses. Index credits are based on index performance but are never negative.
What happens if I need to access funds before taking income?
You may take penalty-free withdrawals up to contract limits, but larger withdrawals may reduce your benefit base and could decrease future guaranteed income amounts.
Can I use IRA or rollover assets to fund Income Driver?
Yes. Income Driver can be issued using qualified funds, including traditional IRA rollovers, Roth IRAs, and employer-plan transfers, as well as non-qualified money.
Does the income last for life?
Yes. Once you activate the income rider, guaranteed withdrawals continue for life—even if the accumulation value eventually reaches zero.
Who is Income Driver best suited for?
Income Driver is ideal for individuals who want a balance of safety, potential indexed growth, and a reliable lifetime income stream without giving up control of their underlying account value prior to income activation.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
