The Guaranteed Income Annuity Was Designed With Distinctive Retirement Needs in Mind. If you are interested in protecting your retirement assets from market risk while allowing them to grow, providing a legacy for your loved ones, or creating a stream of income that is guaranteed for your lifetime 1 , then the Guaranteed Income Annuity may be a good option to help you achieve your retirement and financial goals. Give Yourself the Future You Envision. The Guaranteed Income Annuity was designed to help retirees plan for a more secure financial future for themselves and their loved ones.
For many of us, our concerns don’t start with ourselves, but with our family and loved ones to make sure that they have what they need, today, tomorrow and into the future. Providing for your beneficiaries after you are gone may require more money than what you have saved for retirement, and life insurance may not be the right option. The Legacy Benefit Rider was designed to help you ensure those you care about are taken care of. Providing for Your Loved Ones Nest Egg Growth and Protection Against Market Risk With a volatile market, the fruits from years of hard work can suddenly shrink, leaving you with far fewer retirement assets than you planned, and less time for them to recover. And if those assets are needed to provide income, the negative impact of a market loss becomes even greater as the asset base is further reduced to provide the needed income. The Guaranteed Income Annuity protects against market risk and events such as these, by protecting your principal and providing options for income and a legacy for your beneficiaries.
Most Americans begin retirement in their mid to late 60s and need their retirement savings to last for the rest of their lives, which could be 20, 25, 30 years or more. If one of your main financial goals is to ensure you have income to cover expected expenses in retirement, then the Guaranteed Lifetime Withdrawal Benefit Rider is designed for you. Guaranteed Income for Life Flexibility to Decide Later Although many of us are approaching or in retirement, we may not have our retirement or financial plans completely nailed down. We know that we need to protect our retirement assets for the future and minimize the risk from a potential market downturn, but we might not yet know exactly if, how or when we will use those assets. If this sounds familiar, then the Accumulation Benefit Rider was designed with you in mind. The Accumulation Benefit Rider provides a GLWB option, but also provides a legacy benefit should that need or desire arise instead of income.
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1 Subject to all terms and conditions of the contract.
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