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How to Create Income That Can Last Lifetime - Part A

9/25/2014

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Part A. Why do you need to create income that can last lifetime?

There are 3 major concerns people face in retirement time:

1. People are living longer
2. Pensions are increasingly rare
3. Market volatility persists

Is there a plan that can give you a regular “retirement paycheck” to fund your retirement life and can deal with the above 3 concerns at the same time?

The answer is Yes, fixed life income annuity is one such product.

In a Nutshell
A Fixed Life Income Annuity is just like a traditional pension plan that can provide a guaranteed stream of income that lasts a lifetime and is not vulnerable to the inevitable ups and downs of the market. 

An added benefit is that by locking in some guaranteed income, you will have more freedom to invest the remainder of your retirement assets for growth potential as part of a diversified income plan. 

The Best Practice
Use an income annuity to cover the portion of essential expenses not covered by other guaranteed income sources like Social Security or a pension. 

When you know that your essential expenses, your day-to-day needs, are covered for the rest of your life by a guaranteed source of income, you gain the peace of mind and financial confidence to pursue those things you want to do in retirement.

Part B - Details of a Fixed Lifetime Income Annuity
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