Revol One Enduris 10 FIA with Income – Growth Potential, Income Security, and Flexibility

The Guaranteed Lifetime Withdrawal Benefit Rider must be elected at the time of issue — it cannot be added to the contract after issue. Once elected, the GLWB provides a guaranteed income stream for the rest of the owner’s life, regardless of how long they live or what happens to the underlying contract value. The annual rider charge is 1.25% of the Benefit Base, deducted from the accumulation value on each rider anniversary. This fee also applies to the amount of any withdrawals during the deferral phase and to any excess withdrawals after income is activated. The Benefit Base is a separate calculation value — not available for cash surrender and not the death benefit. It exists solely to determine the guaranteed lifetime withdrawal income amount. What distinguishes the Enduris 10 Income GLWB from many competing income riders is the potential for income to increase over time based on the performance of the indexed interest options or fixed account elected. In years where the underlying index strategies produce meaningful credits, the income base may reflect that performance — creating a mechanism for potential income growth that purely rate-based income riders do not offer. Clients who should consider electing the GLWB are those who want to establish a guaranteed lifetime income floor at the time of purchase rather than retaining the option to convert later through annuitization. The 1.25% annual charge on the Benefit Base — which increases in dollar terms as the Benefit Base grows — should be modeled over the full deferral period before purchase, as the cumulative fee impact on the accumulation value is meaningful over a 10-year period.

The Enhanced Participation Rate (EPAR) indexed interest options are crediting strategies tied to the S&P 500 that offer a higher participation rate than the standard S&P 500 strategy available in the contract. In a standard participation rate strategy, the credited interest is calculated as the positive S&P 500 return for the crediting period multiplied by the participation rate. If the S&P 500 returns 10% and the participation rate is 50%, the credited interest is 5%. The EPAR options apply an enhanced — higher — participation rate to the same calculation, meaning a larger percentage of the positive index gain is credited to the contract value. This provides additional upside growth potential in strong equity markets compared to the standard participation rate. Like all FIA indexed strategies, EPAR options include the zero floor protection — if the S&P 500 declines during a crediting period, the credited interest under an EPAR strategy is zero, not negative. The tradeoff for the higher participation rate in EPAR strategies may be reflected in the overall product economics in ways that differ from standard participation rate strategies — the specific EPAR participation rate and applicable crediting period should be confirmed from the current rate sheet at time of application, as rates are subject to change prior to contract issue.

The Market Value Adjustment on the Enduris 10 Income has a specific and important scope: it applies only when the surrender charge applies. This means the MVA is triggered only on full surrenders and excess withdrawals above the 10% annual free withdrawal allowance during the 10-year surrender period. It does not apply to the 10% annual free withdrawal, to guaranteed lifetime income withdrawals taken under the GLWB Rider, to RMDs from qualified accounts, or to any withdrawal or surrender after the surrender period ends. This limited scope is a meaningful structural advantage compared to MYGA products where the MVA may apply more broadly across different withdrawal types. The death benefit treatment is also favorable: the death benefit will not be reduced by a negative MVA at death — the beneficiary receives the full death benefit amount even if an MVA would have been negative on the same date — and any positive MVA is added to the death benefit. In a rising rate environment during the early years of the contract, a negative MVA on an excess withdrawal or surrender would reduce the net amount received beyond the surrender charge, reinforcing the importance of planning liquidity needs before funding the contract and using the 10% free withdrawal provision for annual access needs rather than triggering excess withdrawal treatment.

The Enduris 10 Income FIA requires a minimum premium of $50,000 for both qualified and non-qualified accounts, compared to lower minimums on some other Revol One products such as the Enduris 10 Bonus FIA ($10,000) or the AccumRev FIA ($10,000). The higher minimum on the Enduris 10 Income reflects the product’s income-focused positioning — the GLWB Rider’s lifetime income guarantee requires a meaningful premium base to generate a practical income payment amount. A $50,000 premium produces a substantially more meaningful guaranteed lifetime income payment than a $10,000 premium at the same payout percentage, making the income rider economically relevant for the buyer and actuarially sound for the carrier at that minimum threshold. For clients whose available retirement assets are below $50,000, the Enduris 10 Income is not available as a standalone product — they should evaluate accumulation-focused FIA alternatives or other income strategies appropriate for their premium level. For clients with $50,000 to $100,000 in available qualified or non-qualified funds, the $50,000 minimum on the Enduris 10 Income means the full allocation or a substantial portion of it could be committed to this product — making the 10-year surrender period and B++ carrier rating both important evaluation factors at that allocation size.

The Enduris 10 Income nursing home waiver has a distinctive provision that is more flexible than the standard single-confinement requirement used by many FIA carriers: surrender charges and MVA are waived if the contract owner is confined to a qualifying nursing home for at least 90 consecutive days on or after the contract date, or for a total of at least 90 days if there is no more than a 6-month break between confinements and the confinements are for related causes. This cumulative 90-day provision means that a client who experiences two separate nursing home stays for the same or related conditions, each shorter than 90 days but totaling 90 or more days with no more than a 6-month gap between them, can still qualify for the waiver even though neither individual stay met the 90-day continuous threshold on its own. This is a more flexible eligibility path than competitors that require 90 consecutive days without exception. The terminal illness waiver applies when the contract owner is terminally ill or injured and is not expected to live more than 12 months. Both waivers allow access to the contract value without surrender charges and without the MVA — providing access to the full accumulation value (subject to any other contract terms) under qualifying health conditions. Neither waiver is a substitute for dedicated long-term care insurance; they provide penalty-free access to the contract’s own value under health emergencies, which is a different and more limited benefit than comprehensive care funding.

Revol One’s Enduris FIA lineup includes four distinct products serving different primary objectives. The Enduris 6 FIA is a 6-year accumulation FIA with the Best Entry Rider option and EPAR strategies, designed for clients with a shorter accumulation horizon. The Enduris 10 FIA is a 10-year accumulation FIA also featuring the Best Entry Rider and EPAR options — pure accumulation without an income rider. The Enduris 10 Bonus FIA is a 10-year FIA with a premium bonus at issue and a vesting schedule — the bonus accelerates starting contract value but without the income rider option. The Enduris 10 Income FIA is the income-focused 10-year product — it includes the optional GLWB Rider for guaranteed lifetime income, EPAR options, and the nursing home and terminal illness waivers, but does not include the premium bonus (that is the Bonus’s distinctive feature). The key selection question is: is the primary objective accumulation or income? If accumulation with a potential future income option through annuitization is the goal, the Enduris 10 FIA is the appropriate choice. If establishing a guaranteed lifetime income stream at the time of purchase — with income that can grow based on index performance — is the primary goal, the Enduris 10 Income with the GLWB Rider elected is the appropriate choice. The two accumulation products (standard Enduris 10 and Enduris 10 Bonus) do not include the GLWB Rider option at all — clients who want the income guarantee must select the Enduris 10 Income.

The 1.25% annual GLWB Rider charge is deducted from the accumulation value on each rider anniversary date regardless of whether withdrawals are taken — it is an ongoing annual cost of maintaining the income rider, not a transaction fee triggered by withdrawals. The rider charge is calculated on the Benefit Base, not the accumulation value, and because the Benefit Base may grow over the deferral period, the dollar amount of the rider charge increases over time even if the accumulation value is flat or declining. The charge also applies to the amount of any withdrawals taken during the deferral phase and to any excess withdrawals after income is activated — this is an additional application of the charge beyond the standard annual deduction. The 10% annual free withdrawal provision from the contract’s base structure remains available — up to 10% of the accumulation value per year after the first contract year without surrender charges or MVA. However, taking free withdrawals during the GLWB deferral period may affect the Benefit Base and future guaranteed income amount, depending on the contract’s specific rules for how free withdrawals interact with the income base during the deferral phase. Before taking any ad hoc withdrawal during the deferral period on an Enduris 10 Income contract with the GLWB Rider elected, clients should confirm with their advisor how that withdrawal will affect the Benefit Base, the future income amount, and whether the withdrawal counts against the permitted amount before the 1.25% charge applies to the withdrawal amount as well.

This is the core value proposition of the GLWB Rider and the question that most directly explains why income riders carry annual charges. Under the GLWB design, guaranteed lifetime withdrawal income payments continue for the remainder of the owner’s life — regardless of how long they live — even if the accumulated contract value is eventually depleted to zero through sustained income withdrawals combined with the annual rider charge. When the contract value reaches zero through legitimate rule-following lifetime income withdrawals, Revol One Insurance Company continues making the guaranteed payments funded by its claims-paying ability rather than by the remaining contract value. This longevity protection function — the guarantee that income payments outlast the contract value — is what the 1.25% annual rider charge is purchasing. The scenario where the contract value is naturally depleted through proper income withdrawals is fundamentally different from a scenario where the value is depleted through excess withdrawals — in the excess withdrawal case, the Benefit Base is reduced and future income amounts may be reduced or the rider may be terminated depending on how significantly the excess withdrawals affect the contract. The practical implication: clients who receive guaranteed lifetime income for many years — beyond what the accumulated contract value could sustain at the guaranteed payment rate — receive the full benefit of the GLWB’s longevity protection, and the 1.25% annual charge paid over the deferral and income periods is the cost of that protection.