32 min
Ep03 - Fixed Index Annuities 101 - Understanding Lifetime Income Riders I Love Annuities
-
- Investing
In this episode, we discuss the lifetime income riders found in Fixed Index Annuities and how they can be beneficial leading up to retirement and through retirement.
We break down terms such as:
What is a lifetime income rider?
What are the guarantees of a lifetime income rider?
What are roll-up rates and bonuses commonly offered in Fixed Index Annuities with Lifetime Income Riders?
What factors are used to determine the guaranteed lifetime income payout amount?
Key Take-Aways:
1) Fixed Index Annuities with Lifetime Income Riders help those wanting to shield a portion of their retirement savings from losses due to market volatility. This is key during the 10 years leading up to your retirement date which we refer to as the Retirement Redzone.
2) Having a lifetime income rider with a Fixed Index Annuity can secure a portion of your savings to be used as a lifetime income stream in retirement. By deferring the income stream, the income benefit bases grows at a favorable compounded interest rate between 5-7% depending on the product.
3) Fixed Index Annuities allow upside growth potential when markets perform and contractually guarantee your principal is protected from market losses. When you decide to turn on the income stream, your income will be based on the income base guaranteed rate or the accumulation value plus any market indexed interest that has been accrued, whichever is higher.
Get a Free Annuity Rates Report Here:
https://annuityassociation.com/findyourannuity
Want to chat about annuities? Speak with me directly by scheduling your virtual meeting here:
https://annuityassociation.com/fiduciary
In this episode, we discuss the lifetime income riders found in Fixed Index Annuities and how they can be beneficial leading up to retirement and through retirement.
We break down terms such as:
What is a lifetime income rider?
What are the guarantees of a lifetime income rider?
What are roll-up rates and bonuses commonly offered in Fixed Index Annuities with Lifetime Income Riders?
What factors are used to determine the guaranteed lifetime income payout amount?
Key Take-Aways:
1) Fixed Index Annuities with Lifetime Income Riders help those wanting to shield a portion of their retirement savings from losses due to market volatility. This is key during the 10 years leading up to your retirement date which we refer to as the Retirement Redzone.
2) Having a lifetime income rider with a Fixed Index Annuity can secure a portion of your savings to be used as a lifetime income stream in retirement. By deferring the income stream, the income benefit bases grows at a favorable compounded interest rate between 5-7% depending on the product.
3) Fixed Index Annuities allow upside growth potential when markets perform and contractually guarantee your principal is protected from market losses. When you decide to turn on the income stream, your income will be based on the income base guaranteed rate or the accumulation value plus any market indexed interest that has been accrued, whichever is higher.
Get a Free Annuity Rates Report Here:
https://annuityassociation.com/findyourannuity
Want to chat about annuities? Speak with me directly by scheduling your virtual meeting here:
https://annuityassociation.com/fiduciary
32 min