A fixed indexed annuity offers principal protection along with the opportunity to grow that principal and turn it into a guaranteed income stream for life.
Annuities can complement a retirement portfolio by adding needed product diversity and helping investors accomplish goals in a way other investments can't.
People who are seeking a way to grow their retirement income but want guarantees, as well, may find an annuity is right for them.
An annuity is a contract with an insurance company that can be customized to fit specific needs. It offers downside protection, the chance to participate in potential index growth with a fixed index annuity, or access to a wide suite of equity, credit, and money market funds with a variable annuity. For an additional cost, living benefits can be added to help secure guaranteed income for life.
Almost half of Americans worry about running out of money in retirement.1 With pensions seemingly becoming a thing of the past and the future of Social Security being questioned by many, finding reliable retirement income is a real concern.
We heard the call and answered it by joining the Alliance for Lifetime Income. It’s one of the many ways we’re working to educate investors about this critical topic and partner with other leaders in the industry to reduce x income insecurity.
1 “Almost Half of Americans Fear Running Out of Money in Retirement,” AARP, May 2019