Lifetime Income Annuity
Guaranteed Lifetime Income products are income annuities that provide a 100% guarantee that your retirement income will last as long as you live, no matter how long that is and no matter how the financial markets perform. Guaranteed Lifetime Income products provide that assurance. By promising to pay you a stream of income for as long as you live–no matter how long that is— these annuities help ensure that the fruits of your financial efforts will continue to sustain you throughout your retirement. Only a life insurance company can promise you guaranteed lifetime income.
Live as Well Tomorrow, With a Guaranteed Lifetime Income Stream
Not only can guaranteed lifetime income help provide peace of mind in retirement, it also can help you optimize your income in retirement and plan the best use of your assets, so that you can live well.
For instance, by purchasing a Guaranteed Lifetime Income product, you can help ensure that certain expenses will always be covered. You can earmark this lifetime income to cover rent, medical bills, insurance costs, trips to visit family–in short, anything that you know will be a regular expense for the rest of your life.
By knowing that guaranteed lifetime income will cover your regular expenses, no matter how long you live, you can spend other assets with confidence. You can also invest your other assets more aggressively, if you wish. And because your need for discretionary income may decrease as you grow older and are less likely to be active, you can use those assets to more fully enjoy the more active early years of retirement.
That's why whether you are already retired or are approaching retirement, you should think about the emotional and economic benefits that Guaranteed Lifetime Income products can have on your retirement.
