Cover Your Life
Payments for life.
Outlive your savings with this stream of lifetime income. Single premium converted into immediate monthly paychecks. $10K minimum starting deposit. Typically, the payment breakeven point is around 10 to 12 years - yet payments continue on for life. Annuitization rates are better in ages 70’s vs. 60’s. Includes a death benefit. Can include survivor benefits (payments continue for spouse). Issue age up to 85.
Allows your single premium and/or monthly contributions toward your annuity to gain interest during an accumulation phase - at a set rate/period - or until withdrawal is elected. Limits are $5K up to $3m in premium, depending on product. Includes a death benefit. Issue age up to 89. Can have surrender charges if withdrawn early.
Income: Plan your retirement.