Monthly Archives June 2017

Guaranteed Income Riders Can Help to Offset Some Long-Term Care Costs

As you probably know, one of the top fears of people entering retirement is that they’ll run out of money.1 One way to help cover this “longevity risk” is with a guaranteed lifetime income annuity rider. As with all annuities, the guarantees are backed by the financial strength and claims-paying ability of the issuing insurer. But income riders also offer suitable clients the ability to offset some of the unexpected costs associated with health care, another top concern, particularly in the later years of retirement. For an annual fee – generally averaging about 1.0%, depending on the carrier – as
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Categories: Blog Posts.

FIA 101 – A Primer On Fixed Indexed Annuities

FIAs: An insurance product with the potential to earn interest.   Create a stream of income. When you purchase an annuity, you are signing a contract between you and an insurance carrier that will provide you with an agreed-upon income stream in exchange for a lump sum of money. Fixed annuities are appealing to retirees because they provide a predictable source of income, and the annuity’s guarantees are backed by the financial strength and claims-paying ability of the issuing insurer. Social Security does not count the income stream from an annuity as earnings—they do not lower your Social Security retirement
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Categories: Blog Posts.