Retirement: Time to Enjoy Your Rewards

Size: px
Start display at page:

Download "Retirement: Time to Enjoy Your Rewards"

Transcription

1 Retirement: Time to Enjoy Your Rewards New York Life Guaranteed Lifetime Income Annuity The Company You Keep

2 Some people generate retirement income by withdrawing money from their savings as they need it, with the hope that their assets will last for the duration of their retirement. How Long Will Your Money Last? A 30-Year Retirement Is a Real Possibility Chances that a 65-year-old will live at least to: Age 75 Age 85 Age % 84.5% 90.7% 86.4% While this seems like a 69.1% logical strategy, studies have 56.1% shown that there is a 90% chance that your retirement savings will last 30 years if you are withdrawing just 4% each year.* If you withdraw more, the probability that your retirement income will last that long is even lower. Source: Annuity 2000 Basic Mortality table, projected with scale G. 21.9% 31.7% 46.7% Male Female One Member of a 65-year-old Couple 1 * Source: New York Life Investment Management. A hypothetical untaxed portfolio of 50% equity and 50% fixed income would last 27.5 years at an 89.5% confidence level, if withdrawals were taken at an inflation adjusted 4% a year. The historical annual data, from 1926 through 2005, is from Ibbotson Associates. Equity returns were modeled using the S&P 500 Index. The S&P 500 Index is an unmanaged index and is widely regarded as the standard for measuring Large Cap U.S. stock market performance. Fixed income returns were modeled using the Ibbotson Long-Term Corporate Bond Index. Inflation readings were taken from Ibbotson inflation data. An investor cannot invest directly in an index. The confidence level was derived by taking a Monte Carlo simulation of 10,000 trials with random returns drawn monthly from the Ibbotson data. The model assumed an annual fee of 125 basis points. Past performance is no guarantee of future results.

3 You ve worked hard to get where you are, and your retirement should be everything you ve imagined. For you, this could mean anything from traveling, pursuing hobbies and volunteering to simply spending quality time with the ones you love. Whatever your plans, you ll need income to support the retirement lifestyle you ve always dreamed of. Recognize the Retirement Risks And Reap the Rewards At New York Life Insurance and Annuity Corporation (NYLIAC), we believe when it comes to your retirement, the decisions you make today will impact the lifestyle you ll have tomorrow. As you embark on your retirement, keep in mind you may face unforeseen risks, including: Market Volatility Investments are subject to ups and downs of the market. As you get older, you have less time to recover losses caused by market volatility. Longevity Risk With the average life expectancy increasing, there is a very real risk of outliving your money in retirement. Healthcare Expenses Healthcare costs have continued to rise, and may become more expensive. This is a major financial concern for many Americans. 1 Sowing the Seeds: How to Meet Your Retirement Needs To help manage some of the financial risks retirees may face, you should look for guaranteed sources of income. In the past, Americans have traditionally depended on company-based pensions and traditional Social Security benefits to solidify their financial needs in retirement. The retirement landscape is changing. Fewer Americans are covered by traditional pensions than were a generation ago. Social Security is covering a smaller percentage of retirement income than it did in the past. So many retirees need an additional source of guaranteed income. A New York Life Guaranteed Lifetime Income Annuity 2 addresses many of your retirement risks and, like Social Security or a pension plan, it provides features like: Security Your money is with an institution you trust. Protection Your income is free from market volatility. Simplicity You will receive a worry-free stream of income to help cover your expenses. Longevity Your payment stream is guaranteed for as long as you live. 3 It is essentially a paycheck for life. Contributing to the evolving face of retirement is the fact that Americans are living longer lives. Thanks to medical advances and healthier lifestyles, life expectancy in the United States has risen over the last century and continues to rise. 4 1 Source: The Rising Cost of Healthcare: The Causes. Updated January The Guaranteed Lifetime Income Annuity is issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY Products available in jurisdictions where approved. 3 Guarantee based on the claims-paying ability of the issuer. 4 National Center for Health 2

4 The Time Is Ripe For a New York Life Guaranteed Lifetime Income Annuity A New York Life Guaranteed Lifetime Income Annuity provides retirement income that is guaranteed to last as long as you live, no matter how long that is and no matter how the financial markets perform. We assume the market and longevity risk, so you don t have to. Think of it as a paycheck for the rest of your life. How a Guaranteed Lifetime Income Annuity Works The Guaranteed Lifetime Income Annuity is a single premium immediate annuity (SPIA). This means that by purchasing this product, you invest a single lump sum premium (minimum premium $10,000), 5 and soon after, you will start receiving income payments. Those payments will continue for the rest of your life. You can customize your payment stream to include another annuitant, legacy options and inflation protection. Plus, you can even access money in the case of an emergency. With the strength and security of New York Life, a Guaranteed Lifetime Income Annuity is a great way to help cover your basic expenses in retirement. 5 Minimum premium may vary by state or payment option. 3

5 Hand Pick the Right Combination of Features The Guaranteed Lifetime Income Annuity offers a combination of cutting-edge features 6 that can help address your retirement income needs. You can choose from the following options: 7 Highest Amount of Income (Single or Joint Life Only) The Single Life Only option provides you with income for life, regardless of how long you live. This option generally provides the highest income benefit for any given premium. However, payments will stop at your death. A Joint Life Only option makes payments to you for your lifetime and the lifetime of one other person. If one of you were to die, the payments would continue to the survivor for the rest of his or her life. All else being equal, a given premium amount will provide lower income over joint lives than for a single life policy. Payments stop at the death of both annuitants. Guaranteed Return of Your Principal as a Lump Sum (Single or Joint Life with Cash Refund) This option pays income for your lifetime (and the lifetime of one other person with a Joint Life policy). However, this option guarantees that if you die (or both of you, for a Joint Life policy), your beneficiaries will receive a lump sum equaling your premium less all payments made. For a Joint Life, the policy pays income as long as both of you are alive. 8 Get a Paycheck for Life A 65-year-old male purchases a Guaranteed Lifetime Income Annuity with a premium of $100,000. With a Life with Cash Refund option 9 that he has chosen, New York Life will pay him $6,574 per year for the rest of his life, regardless of how long he lives. If he dies prematurely before he has recovered his full $100,000, New York Life will pay the difference to his beneficiaries. $100,000 Input Income paid to him annually for the rest of his life $6,574 $6,574 $6,574 $6,574 $6,574 Age For the rest of his life.. Total payments if he lives until age 85 = $131,479 6 Some features are not available on qualified policies, and some are not available in all jurisdictions. 7 The payout option you choose, as well as your age and gender, will affect the amount of each income payment, so be sure to discuss these factors with your insurance agent. Not all payment options are available for all ages. 8 If the total payments you receive prior to your death equal or exceed the initial premium you paid for your policy, then no further payments will be made to beneficiaries upon death. 9 This example is used for illustrative purposes only. It assumes an initial premium of $100,000 for a Single Life with Cash Refund policy. Example based on rates in effect April 25, Subject to change. 4

6 Guaranteed Payment for a Period of Time (Single or Joint Life with Period Certain) This option pays income for your lifetime, or a guaranteed period of time (you may choose from 5 to 30 years), whichever is longer. If you (or both of you, for a Joint Life policy) were to live beyond that period, payments would continue for your lifetime. If you (or both of you, for a Joint Life policy) were to die prior to the end of the guarantee period, payments would continue to your beneficiaries for the remainder of the guarantee period. 10,11 Guaranteed Return of Your Principal in Installments (Single or Joint Life with Installment Refund) This option pays income for your lifetime (and the lifetime of one other person, if a Joint Life policy). However, this option guarantees that if you die (or both of you, for a Joint Life policy), your beneficiaries will continue to receive the annuity payments until the premium is fully recovered. The Installment Refund provision entitles your beneficiaries to receive the total of the premium less all payments made on a scheduled installment basis. 8,11 Death Benefits for Your Loved Ones (Single or Joint Life with Percent of Premium Death Benefit 12 ) This option offers income for your lifetime (and the lifetime of one other person with a Joint Life policy). It also guarantees that when you die (or both annuitants, for a Joint Life policy), your beneficiaries will receive a death benefit totaling 25% or 50% of your original premium. This alternative pays a lower income for the same premium than one that does not provide a guaranteed death benefit, but ensures a legacy for your heirs. Furthermore, in many cases the amount your heirs receive will be a nontaxable return of your investment in the contract If your Joint Life with Period Certain policy includes a survivor income that is less than 100% of the income while both of you are alive, the reduction in income will not take place until the first annuitant s death or at the end of the guaranteed payment period, whichever is later. 11 Upon death of the annuitant (or both annuitants for a Joint Life policy) remaining guaranteed payments can be commuted into a lump sum if the policyowner selected this option at issue. 12 The Percent of Premium Death Benefit payout option is not available on qualified policies. It is not available in New York or Washington. 13 Please consult your professional tax adviser.

7 Additional Flexibility for You and Your Loved One (Reduction of Benefits for Joint Life Policies) Most of the Joint Life policies 14 we offer also allow you to reduce the income amount by 40% to 99%, after one of the annuitants dies. By reducing the survivor s income payment, you are able to enjoy a higher income while both annuitants are still alive. You might decide, for example, that if one of you were to die, the survivor would need only 80% of the income that both of you previously required. Choosing this lower percentage may better meet your needs, because a Joint Life policy that pays a smaller income to the survivor will provide a higher income while both of you are alive. The factors that determine the amount of payments you will receive include: The amount of your premium and the interest rate environment when you purchase your policy The number of lives the policy covers (either one or two) Your age and gender (and those of the other person for Joint Life policies) Any guaranteed payment, inflation protection, change in income schedule, or legacy options you select The frequency with which you choose to receive your income payments (monthly, quarterly, semi-annually, or annually) How soon your payments are scheduled to begin. 15 The Tax Benefits of a Guaranteed Lifetime Income Annuity Alleviate Required Minimum Distribution Concerns If you need to take Required Minimum Distributions on qualified retirement plans and find them confusing or a bother, you may want to consider rolling those assets into a Guaranteed Lifetime Income Annuity. In doing so, you no longer need to take RMDs on these assets (after the first year of purchase) and you will receive income for life. Other qualified assets outside the annuity will still have a RMD requirement to satisfy annually. A Guaranteed Lifetime Income Annuity may help you avoid penalties and free you of the burden of having to figure out and withdraw the correct distribution amount on your own each year. No Tax Penalty for Early Withdrawals Generally, if you are younger than age 59½ and you would like to withdraw funds from any of your tax-qualified accounts, a 10% penalty tax will apply in most cases. However, if you were to roll that money into a qualified Guaranteed Lifetime Income Annuity, the income payments from the Guaranteed Lifetime Income Annuity would generally be penalty-tax free. What Are Your Questions Concerning Retirement? We can help answer them. How can I make sure my spouse is taken care of, should anything happen to me? By choosing a Joint Life policy covering you and your spouse, the Guaranteed Lifetime Income Annuity payout stream will continue as long as either of you is alive. How can I maximize the legacy I leave to my loved ones? New York Life offers many payout options designed to provide income for you, but also to help make sure that your heirs are taken care of after you are gone. 14 Reduction of benefits is not available on Joint Life with Cash Refund policies, Joint Life with Installment Refund policies, or on Joint Life policies with the Changing Needs Option or the Income Enhancement Option. 15 Income payments generally begin one payment period after the policy date. If you choose to receive a monthly income, your payments will begin one month after the policy date, whereas if you choose to receive quarterly income, payments will begin three months after the policy date. You may select the start date for receiving payments, but payments must begin within one year of the policy issue date. 6

8 A Bounty of Advantages If you fund your annuity with funds from a qualified plan, rather than withdrawing your qualified funds in a lump sum, your income payments may allow you to spread your tax liability over your lifetime. This can offer you significant tax benefits. Funding Your Annuity Nonqualified annuities are purchased using after-tax dollars you may have accumulated in other savings vehicles. Each annuity income payment consists of a taxable income portion, and a return of premium portion, which is not taxable. The division between the taxable and tax-free portions of your payments is determined by IRS rules based on several factors, including your life expectancy, the premium you paid for your policy (cost basis or original investment) and any guarantees chosen. Once the tax-free payments you receive equal your policy s cost basis, all future payments you receive are 100% taxable as ordinary income. Qualified annuities are purchased using pre-tax dollars you may have accumulated in an Individual Retirement Account (IRA), 401(k), Keogh or other employer-sponsored retirement plan. However, by rolling funds from a qualified plan into a Guaranteed Lifetime Income Annuity rather than taking a lump-sum distribution, you will spread your tax liability over many years, which may reduce your total tax liability. Qualified annuity payments generally are fully taxable as ordinary income in the year they are received. 7

9 Perfect for Rollovers When you retire, you may need to decide what to do with your IRA, 401(k), 403(b), governmental section 457 plan or other employer-sponsored retirement plans. You have several options of course, including purchasing CDs, bonds or stocks. Rolling some, or all, of your retirement plan assets into a Guaranteed Lifetime Income Annuity can turn that money into a steady stream of income that you can enjoy for the rest of your life. Guaranteed Lifetime Income Annuity Roth IRA (Single Life Only) Roth IRAs are funded with after-tax dollars. These funds can come from either converting traditional IRAs or qualified retirement plans, such as 401(k)s and other Roth IRAs (provided you meet the applicable requirements). The Guaranteed Lifetime Income Annuity Roth IRA payments and death benefit amount are tax free. To purchase the Guaranteed Lifetime Income Annuity Roth IRA, you must: Have a Roth IRA in place for at least five (5) calendar years before the calendar year in which income payments start (this Roth IRA does not have to be used to fund the Roth IRA income annuity), AND Be at least age 59½ by the time income payments start. The Internal Revenue Code provides that a Roth IRA is not subject to the RMD rules during the life of the Roth IRA owner, but is subject to the RMD rules after the owner s death. Accordingly, the Guaranteed Lifetime Income Annuity Roth IRA provides that any amounts payable to a beneficiary after the owner s death must be made in accordance with the RMD rules, not withstanding any inconsistent provision in the contract. This may affect the amount otherwise payable to a beneficiary. 16 Consult your professional tax adviser to understand fully how a Guaranteed Lifetime Income Annuity will impact your personal tax situation. 16 If, at the time of the owner s death, the remaining guaranteed period under a Life with Period Certain is longer than the beneficiary s life expectancy (determined under the IRS Single Life Table), NYLIAC will commute all of the future guaranteed payments. This commuted value will be calculated as specified in the policy. 8

10 Adjust Your Income for Life s Changing Seasons We understand that individuals may have their own specific needs in terms of retirement income. With our many different features, you have the flexibility and control to help address your particular retirement needs. Protect Yourself From the Effects of Inflation If you elect our Annual Increase Option, 17 you choose to have your initial income start lower, but your payments will increase each year by 1% to 10%, depending on the percentage you choose. By structuring your payments this way, you may help neutralize the impact of inflation as your living expenses increase over time. How Can Inflation Affect Me? % increase Gallon of Milk $2.78 $ % Dozen Eggs $1.01 $ % Gallon of Gas $1.35 $ % Adjust Your Income Payments To Meet Your Needs The Changing Needs Option 19 can be a particularly effective tool in a retirement income strategy because it provides you with the opportunity to decide, at issue, to have your income payments adjusted at a particular point in the future. This may be attractive if you foresee your needs changing over time. The Changing Needs Option allows: A one-time increase: 1% - 400% (up to five times your original income payment) A one-time decrease: 1% - 50% (down to one half of your original income payment) 9 17 The Annual Increase Option is available on qualified and nonqualified policies. The policyowner must elect the Annual Increase Option at the time of purchase and be at least age 59½ at the time of first payment. The Annual Increase Option is not available with either the Changing Needs Option or the Income Enhancement Option. 18 Source: U.S. Department of Labor, Bureau of Labor and Statistics, July The Changing Needs Option is available only on nonqualified policies. The policyowner must elect the Changing Needs Option at the time of purchase and be at least age 59½ at the time of first payment. The annuitant must be age 80 or younger at the time of purchase, and the one-time adjustment to income payments must occur prior to the annuitant s 91st birthday. The exact date and percentage of the changing need must be determined at the time of purchase. The Changing Needs Option is not available with either the Annual Increase Option or the Income Enhancement Option, and it is not available in all jurisdictions. Reduction of benefit is not available for Joint Life policies.

11 The increase or reduction may begin on or after the third anniversary of the income start date. So you may choose to have a larger payment during your early retirement years, and then have the payment amount decrease. For example, you may decide to have the decrease coincide with when you start receiving Social Security payments. Or, if you anticipate a current income source expiring down the line, you can plan to have your income payments increase as a way to help replace that income in the future. Potentially Benefit From Higher Interest Rates Once you have locked in guaranteed lifetime income with a Guaranteed Lifetime Income Annuity, the Income Enhancement Option, 20 if purchased at issue, will have a lower initial income but provide you with an opportunity to benefit if interest rates rise, even though your annuity was purchased in a lower interest rate environment. The Income Enhancement Option works in conjunction with a benchmark interest rate index to provide a potential one-time increase in income payments going forward after the policy s fifth anniversary. If the benchmark index is at least two percentage points (2%) higher on the policy s fifth anniversary, annuity income will increase automatically to reflect the higher interest rate. 21 The increase amount is fixed when the policy is issued, so you will know exactly when and by how much the payments may potentially increase. 22 Index Rate on 5th Policy Anniversary Monthly Original Income* Any Rate Decrease or Increase of Less Than 2% $572 Any Rate Increase of 2% or More $700 This example shows, if the Income Enhancement Option is triggered, the monthly income benefit will increase from $ to $ If the index is not at least two percentage points higher on the policy s fifth anniversary, you will continue to receive the same income amount ($ monthly) for the rest of your life. *Based on rates as of 04/25/11 for a 70-year old male with a premium of $100,000 and a Cash Refund payout option. 20 The Income Enhancement Option is available only on nonqualified policies. The policyowner must elect the Income Enhancement Option at the time of purchase and be at least 59½ at the time of first payment. The annuitant must be age 75 or younger at the time the policy is issued. The Income Enhancement Option is not available with either the Changing Needs Option or the Annual Increase Option. 21 The higher income benefit will be paid if the 10-Year Constant Maturity Treasury (CMT) Index in the third full week of the calendar month immediately preceding the fifth policy anniversary is at least two percentage points (2%) higher than the 10-Year CMT Index in the third full week of the calendar month immediately preceding the policy date. The higher income benefit would begin on the first scheduled payment after the fifth policy anniversary. 22 If, on the fifth policy anniversary, the benchmark index has not increased sufficiently, you will not receive the increase in your payments, but will continue to receive the original, guaranteed income payment amount. 10

12 A Sweet Idea: Access To Cash When You Need It What if something should happen and you need money all at once? These situations could occur, but fortunately we have measures in place to provide you with access to cash when you need it the most. Flexibility and Control The Guaranteed Lifetime Income Annuity gives you control of your money by providing you access to funds beyond the scheduled income payments, in the event you need additional cash due to unexpected circumstances. Each policy includes withdrawal features that provide you access to cash in an emergency after you turn age 59½. Payment Acceleration (For Nonqualified Annuities with Monthly Payments) This feature enables you to receive your next scheduled monthly payment, along with six subsequent payments for a total of seven months of income payments paid to you all at once. When you exercise this option, your income payments will not be paid for the next six months. You may use this feature three times during the life of your policy. Cash Withdrawal Provides a one-time opportunity to receive the discounted value of future payments. 23 Depending on your policy, you will have access to cash through one of two cash withdrawal features The cash withdrawal amount is subject to an Interest Rate Change Adjustment that will increase or decrease the withdrawal amount based on the change in interest rates, as measured by the 10-Year CMT, between the time you purchase your policy and the time you elect to receive the cash withdrawal. The 40% Cash Withdrawal feature is not available after the annuitant s life expectancy. 24 Policies either offer the Up to 100% Cash Withdrawal feature or the 40% Cash Withdrawal feature, but not both. 11

13 Up to 100% Cash Withdrawal (Guaranteed Periods Only) 25 This feature allows you to withdraw up to 100% of the discounted value of the remaining guaranteed payments at any time within the guaranteed payment period. Once this option is exercised, future income payments through the end of the guaranteed payment period will be reduced by the withdrawal percentage you elected. If the annuitant is alive at the end of the guaranteed payment period, full annuity payments will then resume for the life of the policy % Cash Withdrawal (Based on Life Expectancy) This feature allows you to withdraw 40% of the discounted value of the remaining payments expected to be paid to you based on your life expectancy when you purchased your policy. You may exercise this option on the fifth, 10th or 15th anniversary of your first income payment, or on proof of a significant nonmedical financial loss, 27 as specified by the policy. Once this option is exercised, future income payments will be reduced by 40% for the life of the policy. Taxation of Withdrawals Withdrawals made using the Payment Acceleration feature and the Cash Withdrawal feature will be reported to the Internal Revenue Service (IRS) as fully taxable. 28 In addition, penalty taxes may apply in certain circumstances as a result of exercising a withdrawal feature under an immediate annuity. 29 Please consult your professional tax adviser. Not all options are available on all contracts, in all jurisdictions, or to annuitants of all ages. Ask your insurance professional for details. What Withdrawal Options Are Available With Your Policy? Cash Withdrawal Feature Nonqualified Policies Qualified Policies Roth IRA 30 Up to 100% Cash Withdrawal - Life with Cash Refund - Life with Installment Refund - Life with 5 to 30 Years 40% Cash Withdrawal - Life Only - Life with Percent of Premium Death Benefit (25% or 50%) Not Available - Life Only - Life with Cash Refund - Life with Installment Refund - Life with 5 to 30 Years - Life with Cash Refund - Life with Installment Refund - Life with 5 to 30 Years - Life Only 25 The Up to 100% Cash Withdrawal is not 100% of the original purchase payment and is generally less than this value. Instead, it is based on the present value of the future guaranteed payments on the policy at the time of withdrawal. The guaranteed payment period for the Life with Cash Refund or the Life with Installment Refund payment option is determined by dividing the premium paid for the policy by the annualized income benefit amount. 26 For Joint Life policies, full annuity payments will resume for the life of the policy at the end of the guaranteed payment period if at least one of the annuitants is alive at that time. 27 The nonmedical financial loss provision is not available in all jurisdictions. Ask your insurance professional for details. 28 The federal income tax treatment of an immediate annuity that contains a withdrawal feature, such as the Payment Acceleration and the Cash Withdrawal features, is uncertain, and the IRS may determine that the taxable amount of the annuity payments and/or withdrawals received for any year is different than the amount reported by New York Life. For nonqualified policies, the exercising of a withdrawal feature may extend the period over which a policyowner may recover the investment in the contract and may limit the policyowner s ability to fully recover the investment in the contract over the annuity payment period because of the reduction or elimination of future annuity payments. The policyowner should consult his or her own tax adviser prior to exercising a withdrawal feature under an immediate annuity. 29 If the policyowner purchases a policy with a withdrawal feature, such as the Payment Acceleration and the Cash Withdrawal features, before age 59½ and exercises the feature within five years from the date of the first annuity payment (and after the policyowner has attained age 59½) then a 10% penalty tax (plus interest) may be imposed retroactively on any annuity payments received before the policyowner attained age 59½. The 10% penalty tax would be in addition to the ordinary income tax on the taxable amount of the lump sum withdrawal. The policyowner should consult his or her own tax adviser prior to exercising a withdrawal feature under an immediate annuity. 30 Single Life Only, unless otherwise indicated. 12

14 New York Life: Safe and Secure Just Like Always New York Life Insurance Company, the parent company of New York Life Insurance and Annuity Corporation (NYLIAC), is one of the largest mutual life insurance companies in the United States. During these unprecedented times that are likely to have a lasting impact on the financial sector, New York Life and NYLIAC have continued to stand tall because they are built for times like these. Don t Just Take It From Us New York Life and NYLIAC s surplus is one of the strongest in the industry, acting as a safety margin in economic downturns and fueling our continued growth. Our ability to maintain a high level of financial stability while meeting our fiscal obligations is a clear indicator of long-term security. For most jurisdictions, the policy form number for the New York Life Guaranteed Lifetime Income Annuity is 211-P

15

16 New York Life Insurance Company New York Life Insurance and Annuity Corporation (A Delaware Corporation) 51 Madison Avenue New York, NY The Company You Keep 18355_1011 SMRU CV(Exp.10/7/13)

G U A R A N T E E D I N C O M E S O L U T I O N S NEW YORK LIFE LIFETIME INCOME ANNUITY

G U A R A N T E E D I N C O M E S O L U T I O N S NEW YORK LIFE LIFETIME INCOME ANNUITY G U A R A N T E E D I N C O M E S O L U T I O N S NEW YORK LIFE LIFETIME INCOME ANNUITY NEW YORK LIFE: BUILT FOR TIMES LIKE THESE New York Life Insurance Company, the parent company of New York Life Insurance

More information

Guaranteed Lifetime Income Annuity II 1

Guaranteed Lifetime Income Annuity II 1 Just the facts about the New York Life... Guaranteed Lifetime Income Annuity II 1 Issuing company Product type Issue ages 2 Single premium payment Income payment modes New York Life Insurance and Annuity

More information

Future Mutual Income Annuity

Future Mutual Income Annuity Just the facts about New York Life... Future Mutual Income Annuity Issuing company Product type New York Life Insurance Company (NYLIC) 1 A participating flexible premium deferred income annuity (DIA)

More information

Redefine your means in retirement. So you can do more of what matters.

Redefine your means in retirement. So you can do more of what matters. Redefine your means in retirement. So you can do more of what matters. More guaranteed income to count on when you need it to count. It s taking that second vacation instead of giving it a second thought.

More information

Steadily growing, safe and secure. Financial values your future can count on.

Steadily growing, safe and secure. Financial values your future can count on. Steadily growing, safe and secure. Financial values your future can count on. Retirement: built by you, grown by you 2 enjoyed by you. Let s not pretend that your retirement will be like anyone else s.

More information

INVESTMENT AND PLANNING SOLUTIONS. Redefine your means in retirement. Member FINRA/SIPC

INVESTMENT AND PLANNING SOLUTIONS. Redefine your means in retirement. Member FINRA/SIPC INVESTMENT AND PLANNING SOLUTIONS Redefine your means in retirement Member FINRA/SIPC INVESTMENT AND PLANNING SOLUTIONS More guaranteed income to count on when you need it to count. It s taking that second

More information

MEMBERS Future Income Annuity

MEMBERS Future Income Annuity MEMBERS Future Income Annuity GUARANTEED INCOME FOR LIFE Move confidently into the future MFA-875346-034-046 A financial services company serving financial institutions and their clients worldwide. It

More information

New York Life Insurance and Annuity Corporation NYL Guaranteed Lifetime Income Annuity II - Single Life

New York Life Insurance and Annuity Corporation NYL Guaranteed Lifetime Income Annuity II - Single Life Annuitant & Policy Information New York Life Insurance and Annuity Corporation Summary Name: Valued Client Type of Funds: Non-Qualified Date of Birth: 07/18/1949 Payment Frequency: Monthly Sex: Male Purchase

More information

The Guardian Guaranteed Income Annuity II SM

The Guardian Guaranteed Income Annuity II SM The Guardian Insurance & Annuity Company, Inc. (GIAC) The Guardian Guaranteed Income Annuity II SM Designed to Help You Create a Lifetime Income Guarantee What Do You VALUE Most? Please take a moment to

More information

Immediate Annuity. Move confidently into the future. 10000256 Rev 0413

Immediate Annuity. Move confidently into the future. 10000256 Rev 0413 MEMBERS Single Premium Immediate Annuity GUARANTEED retirement income Move confidently into the future 10000256 Rev 0413 A financial services company serving financial institutions and their clients worldwide.

More information

MassMutual Single Premium Immediate Annuity

MassMutual Single Premium Immediate Annuity ANNUITIES MassMutual Single Premium Immediate Annuity Retirement Can Be An Exciting Journey INVEST INSURE RETIRE Peter and Gail Doherty will celebrate their 40th wedding anniversary later this year. When

More information

MetLife Income Annuity SM

MetLife Income Annuity SM MetLife Income Annuity SM Predictable income that lasts as long as you live Single Premium Immediate Annuity is issued by MetLife Investors USA Insurance Company and in New York, only by First MetLife

More information

Pacific. Income Provider. A Single-Premium, Immediate Fixed Annuity for a Confident Retirement. Client Guide 9/15 80002-15A

Pacific. Income Provider. A Single-Premium, Immediate Fixed Annuity for a Confident Retirement. Client Guide 9/15 80002-15A Pacific Income Provider A Single-Premium, Immediate Fixed Annuity for a Confident Retirement 9/15 80002-15A Client Guide Why Pacific Life Pacific Life has more than 145 years of experience, and we remain

More information

Income Plus Variable Annuity

Income Plus Variable Annuity Just the facts about New York Life... Income Plus Variable Annuity What is the New York Life Income Plus Variable Annuity? 1 Why should I consider Income Plus with the Guaranteed Future Income Benefit

More information

Understanding annuities

Understanding annuities ab Wealth Management Americas Understanding annuities Rethinking the role they play in retirement income planning Protecting your retirement income security from life s uncertainties. The retirement landscape

More information

A PROFESSIONAL S GUIDE TO INCOME OPPORTUNITIES USING ANNUITIES

A PROFESSIONAL S GUIDE TO INCOME OPPORTUNITIES USING ANNUITIES A PROFESSIONAL S GUIDE TO INCOME OPPORTUNITIES USING ANNUITIES CPAs Attorneys Enrolled Agents Tax Professionals Professional Education Network TM www.edwardjones.com/teamwork CONTENTS 1 Introduction 2

More information

Payouts. Protection. In One Place.

Payouts. Protection. In One Place. Payouts. Protection. In One Place. ING Single Premium Immediate Annuity issued by ING USA Annuity and Life Insurance Company Your future. Made easier. Payouts. Protection. In today s financial world, some

More information

Payouts. Protection. In One Place.

Payouts. Protection. In One Place. Payouts. Protection. In One Place. ING Single Premium Immediate Annuity ANNUITIES Your future. Made easier. Payouts. Protection. In today s financial world, some products provide payout options. Others

More information

Guaranteed income for a more secure retirement

Guaranteed income for a more secure retirement RiverSource SecureProvider Immediate annuity RiverSource Life Insurance Company RiverSource Life Insurance Co. of New York Guaranteed income for a more secure retirement 140502 G (1/16) Do you have the

More information

Secure. Income SM. Pacific. Client Guide. A Fixed, Deferred Income Annuity for a Confident Retirement 4/15 97001-15A

Secure. Income SM. Pacific. Client Guide. A Fixed, Deferred Income Annuity for a Confident Retirement 4/15 97001-15A Secure Pacific Income SM A Fixed, Deferred Income Annuity for a Confident Retirement 4/15 97001-15A Client Guide Why Pacific Life Pacific Life has more than 145 years of experience, and we remain committed

More information

SecureLiving Income Provider

SecureLiving Income Provider Single Premium Immediate Annuity I SecureLiving Series SecureLiving Income Provider Do what you love. Issued by Genworth Life Insurance Company & Genworth Life and Annuity Insurance Company 130800 08/22/13

More information

Guaranteed Lifetime Income Annuities

Guaranteed Lifetime Income Annuities THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY (NORTHWESTERN MUTUAL) Guaranteed Lifetime Income Annuities Guaranteed Income Today Select Immediate Income Annuity Select Portfolio Immediate Income Annuity

More information

Understanding annuities

Understanding annuities Wealth Management Americas Understanding annuities Rethinking the role they play in retirement income planning Helping to protect your retirement income security from life s uncertainties. The retirement

More information

Voya Single Premium Immediate Annuity

Voya Single Premium Immediate Annuity Voya Single Premium Immediate Annuity issued by Voya Insurance and Annuity Company Payouts. Protection. In One Place. Payouts. Protection. In One Place. In today s financial world, some products provide

More information

Annuities. Introduction 2. What is an Annuity?... 2. How do they work?... 3. Types of Annuities... 4. Fixed vs. Variable annuities...

Annuities. Introduction 2. What is an Annuity?... 2. How do they work?... 3. Types of Annuities... 4. Fixed vs. Variable annuities... An Insider s Guide to Annuities Whatever your picture of retirement, the best way to get there and enjoy it once you ve arrived is with a focused, thoughtful plan. Introduction 2 What is an Annuity?...

More information

The Basics of Annuities: Planning for Income Needs

The Basics of Annuities: Planning for Income Needs March 2013 The Basics of Annuities: Planning for Income Needs summary the facts of retirement Earning income once your paychecks stop that is, after your retirement requires preparing for what s to come

More information

Voya Single Premium Immediate Annuity

Voya Single Premium Immediate Annuity Voya Single Premium Immediate Annuity issued by Voya Insurance and Annuity Company Payouts. Protection. In One Place. Payouts. Protection. In One Place. In today s financial world, some products provide

More information

MEMBERS Index Annuity

MEMBERS Index Annuity MEMBERS Index Annuity GUARANTEES, WITH FLEXIBILITY AND UPSIDE POTENTIAL Move confidently into the future 07-0002 REV 09MHC A financial services company serving financial institutions and their clients

More information

Income to live your life

Income to live your life Income to live your life Symetra Advantage Income Immediate Annuity Not a bank or credit union deposit or obligation Not insured by any federal government agency Not FDIC or NCUA/NCUSIF insured Not guaranteed

More information

The Basics of Annuities: Income Beyond the Paycheck

The Basics of Annuities: Income Beyond the Paycheck The Basics of Annuities: PLANNING FOR INCOME NEEDS TABLE OF CONTENTS Income Beyond the Paycheck...1 The Facts of Retirement...2 What Is an Annuity?...2 What Type of Annuity Is Right for Me?...2 Payment

More information

Explorer. Client Guide. A Deferred Fixed Annuity for a Confident Retirement 60002-11A 9/11

Explorer. Client Guide. A Deferred Fixed Annuity for a Confident Retirement 60002-11A 9/11 Explorer A Deferred Fixed Annuity for a Confident Retirement 60002-11A 9/11 Client Guide The Power to Help You Succeed Pacific Life has more than 140 years of experience, and we remain committed to providing

More information

MetLife Income Annuity SM. Providing income. when you need it for as long as you need it

MetLife Income Annuity SM. Providing income. when you need it for as long as you need it MetLife Income Annuity SM Providing income when you need it for as long as you need it A METLIFE INCOME ANNUITY 1 OFFERS THESE ADVANTAGES: Stable lifetime income that you can count on to help cover day-to-day

More information

Palladium Single Premium Immediate Annuity With

Palladium Single Premium Immediate Annuity With Palladium Single Premium Immediate Annuity With Cost Of Living Adjustment Income For Now... Guaranteed Income For Life! A Single Premium Immediate Annuity Issued By Income for Your Needs Now and in the

More information

Design your own retirement

Design your own retirement Design your own retirement Lincoln Deferred Income Solutions SM Annuity Products issued by: The Lincoln National Life Insurance Company Not a deposit Not FDIC-insured May go down in value Not insured by

More information

Understanding Annuities: A Lesson in Fixed Interest and Indexed Annuities Prepared for: Your Clients

Understanding Annuities: A Lesson in Fixed Interest and Indexed Annuities Prepared for: Your Clients Understanding Annuities: A Lesson in Fixed Interest and Indexed Annuities Prepared for: Your Clients Presented by: Arvin D. Pfefer Arvin D. Pfefer & Associates 7301 Mission Road, Suite 241 Prairie Village,

More information

INCOME Promise. An Single-premium Immediate Fixed Annuity Underwritten by Nationwide Life Insurance Company

INCOME Promise. An Single-premium Immediate Fixed Annuity Underwritten by Nationwide Life Insurance Company INCOME Promise An Single-premium Immediate Fixed Annuity Underwritten by Nationwide Life Insurance Company What is a single-premium immediate fixed annuity? A single-premium immediate fixed annuity is

More information

Guardian Variable Annuities, The Guardian Variable Annuities, The ABC...123 Story

Guardian Variable Annuities, The Guardian Variable Annuities, The ABC...123 Story Guardian Variable Annuities, The Guardian Variable Annuities, The ABC...123 Story If history is any guide, the only constant is change. And with the recent volatility in the markets, many investors are

More information

Understanding Annuities: A Lesson in Indexed Annuities

Understanding Annuities: A Lesson in Indexed Annuities Understanding Annuities: A Lesson in Indexed Annuities Did you know that an annuity can be used to systematically accumulate money for retirement purposes, as well as to guarantee a retirement income that

More information

Deferred Income Annuity

Deferred Income Annuity American Pathway Deferred Income Annuity A single premium deferred income fixed annuity Annuities issued by American General Life Insurance Company (AGL) and The United States Life Insurance Company in

More information

Understanding Annuities: A Lesson in Annuities

Understanding Annuities: A Lesson in Annuities Understanding Annuities: A Lesson in Annuities Did you know that an annuity can be used to systematically accumulate money for retirement purposes, as well as to guarantee a retirement income that you

More information

Understanding Annuities

Understanding Annuities Understanding Annuities Annuities issued by Pruco Life Insurance Company (in New York, issued by Pruco Life Insurance Company of New Jersey) and The Prudential Insurance Company of America. 0160994-00006-00

More information

Income Plus Variable Annuity

Income Plus Variable Annuity Just the facts about New York Life... Income Plus Variable Annuity What is the New York Life Income Plus Variable Annuity? 1 Why should I consider Income Plus with the Guaranteed Future Income Benefit

More information

REVIEWING YOUR TIAA-CREF INCOME CHOICES A GUIDE TO YOUR PAYMENT OPTIONS

REVIEWING YOUR TIAA-CREF INCOME CHOICES A GUIDE TO YOUR PAYMENT OPTIONS REVIEWING YOUR TIAA-CREF INCOME CHOICES A GUIDE TO YOUR PAYMENT OPTIONS FLEXIBILITY & CHOICE TIAA-CREF UNDERSTANDS YOUR FINANCIAL PRIORITIES can change over time, which is why we offer you a wide range

More information

Chapter 14. Agenda. Individual Annuities. Annuities and Individual Retirement Accounts

Chapter 14. Agenda. Individual Annuities. Annuities and Individual Retirement Accounts Chapter 14 Annuities and Individual Retirement Accounts Agenda 2 Individual Annuities Types of Annuities Taxation of Individual Annuities Individual Retirement Accounts Individual Annuities 3 An annuity

More information

Annuity Answer Booklet

Annuity Answer Booklet Annuity Answer Booklet Explanations of Annuity Concepts and Language Standard Insurance Company Annuity Answer Booklet Explanations of Annuity Concepts and Language Annuity Definition... 3 Interest Rates...

More information

Lincoln Insured Income Immediate Annuity

Lincoln Insured Income Immediate Annuity Fixed Annuities Lincoln Insured Income Immediate Annuity single premium immediate annuity Income is just the beginning Payment options to fit your needs Guaranteed income No market risk Client Guide Lincoln

More information

Your pension benefit options

Your pension benefit options 2 Your pension benefit options Traditional pension plans generally provide the option of a lump-sum payment or a fixed monthly payment for life through an annuity. The fixed monthly payment amount is usually

More information

Immediate Annuities. Reno J. Frazzitta Investment Advisor Representative 877-909-7233 www.thesmartmoneyguy.com

Immediate Annuities. Reno J. Frazzitta Investment Advisor Representative 877-909-7233 www.thesmartmoneyguy.com Reno J. Frazzitta Investment Advisor Representative 877-909-7233 www.thesmartmoneyguy.com Immediate Annuities Page 1 of 7, see disclaimer on final page Immediate Annuities What is an immediate annuity?

More information

MEMBERS Select Fixed Annuity II

MEMBERS Select Fixed Annuity II MEMBERS Select Fixed Annuity II GUARANTEED, STEADY GROWTH Move confidently into the future 1385-P1809 REV 0112MHC A financial services company serving financial institutions and their clients worldwide.

More information

Find out more a http://legacy.retirevillage.com 2015 Annuity.com. All rights reserved. This guide is copyrighted. It may not be reproduced without

Find out more a http://legacy.retirevillage.com 2015 Annuity.com. All rights reserved. This guide is copyrighted. It may not be reproduced without 1 Presented by: Shawn Hogan Legacy Insurance & Financial Group http://legacy.retirevillage.com An Insider s Guide to Annuities Plus Secrets the Insurance Companies don t want you to know! Whatever your

More information

Distributions and Rollovers from

Distributions and Rollovers from Page 1 of 6 Frequently Asked Questions about Distributions and Rollovers from Retirement Accounts Choosing what to do with your retirement savings is an important decision. Tax implications are just one

More information

A GUIDE TO INVESTING IN ANNUITIES

A GUIDE TO INVESTING IN ANNUITIES A GUIDE TO INVESTING IN ANNUITIES What Benefits Do Annuities Offer in Planning for Retirement? Oppenheimer Life Agency, Ltd. Oppenheimer Life Agency, Ltd., a wholly owned subsidiary of Oppenheimer & Co.

More information

Immediate Guaranteed Income for Your Retirement Journey Guardian Guaranteed Income Annuity II SM

Immediate Guaranteed Income for Your Retirement Journey Guardian Guaranteed Income Annuity II SM Immediate Guaranteed Income for Your Retirement Journey Guardian Guaranteed Income Annuity II SM FOR RETIREMENT-INCOME PLANNING INDIVIDUALS What Do You Value Most? Please take a moment to think about your

More information

Guaranteeing an Income for Life: An Immediate Income Annuity Review

Guaranteeing an Income for Life: An Immediate Income Annuity Review Guaranteeing an Income for Life: An Immediate Income Annuity Review The biggest financial risk that anyone faces during retirement is the risk that savings will be depleted...the risk that income will

More information

Flexible Premium Deferred Annuity Handbook. Concepts and Definitions

Flexible Premium Deferred Annuity Handbook. Concepts and Definitions Flexible Premium Deferred Annuity Handbook Contents Overview of Annuities 3 Definition of Flexible Premium Deferred Annuity (FPDA) 4 What is the Difference Between a Qualified and Nonqualified Annuity?

More information

Frequently asked questions

Frequently asked questions Page 1 of 6 Frequently asked questions Distributions and rollovers from retirement accounts Choosing what to do with your retirement savings is an important decision. Tax implications are just one of several

More information

Understanding Annuities

Understanding Annuities Annuities, 06 5/4/05 12:43 PM Page 1 Important Information about Variable Annuities Variable annuities are offered by prospectus, which you can obtain from your financial professional or the insurance

More information

Saving for retirement with a 403(b) plan

Saving for retirement with a 403(b) plan Saving for retirement with a 403(b) plan 2 Saving for retirement with a 403(b) plan Saving for retirement with a 403(b) plan Retirement can be a welcome turning point in your life a time to enjoy hobbies,

More information

Guide to Individual Retirement Accounts. Make a secure retirement yours

Guide to Individual Retirement Accounts. Make a secure retirement yours Guide to Individual Retirement Accounts Make a secure retirement yours Retirement means something different to everyone. Some dream of stopping employment completely and some want to continue working.

More information

Variable Annuities 101

Variable Annuities 101 WealthMark Advisory Services Philip Scholler President/CEO 5001 Horizons Drive Suite 201 Columbus, OH 43220 614-824-4352 phil@wealthmarkas.com www.wealthmarkas.com Inside Workbook: What Is a Variable Annuity?

More information

Understanding IRA distributions

Understanding IRA distributions Understanding IRA distributions A retirement distribution guide Allianz Life Insurance Company of New York Allianz Life Insurance Company of North America AMK-019-N Page 1 of 12 It s important to know

More information

A Single-premium, Deferred Fixed Annuity for an Active Retirement 71003-11B 9/11. Client Guide

A Single-premium, Deferred Fixed Annuity for an Active Retirement 71003-11B 9/11. Client Guide II A Single-premium, Deferred Fixed Annuity for an Active Retirement 71003-11B 9/11 Client Guide The Power to Help You Succeed It s essential for you to choose a strong and stable company that can help

More information

Your retirement income. Managing your retirement plan assets

Your retirement income. Managing your retirement plan assets Your retirement income Managing your retirement plan assets Taking control of your retirement assets If you are changing jobs, displaced, or retiring, you may find yourself facing one of the most important

More information

Generate More Efficient Income and a Stronger Portfolio

Generate More Efficient Income and a Stronger Portfolio Generate More Efficient Income and a Stronger Portfolio All examples shown are hypothetical and for illustrative purposes only and do not represent the performance of an actual investment. Past performance

More information

Guaranteeing an Income for Life: An Immediate Fixed Income Annuity Review

Guaranteeing an Income for Life: An Immediate Fixed Income Annuity Review Guaranteeing an Income for Life: An Immediate Fixed Income Annuity Review The biggest financial risk that anyone faces during retirement is the risk that savings will be depleted...the risk that income

More information

Your Guide to Fixed Annuities

Your Guide to Fixed Annuities Your Guide to Fixed Annuities A Smart Choice for Safety Conscious Individuals Seeking Financial Security Protect Your Future Whether you re preparing for retirement or already enjoying retirement, a fixed

More information

Understanding Annuities: A Lesson in Variable Annuities

Understanding Annuities: A Lesson in Variable Annuities Understanding Annuities: A Lesson in Variable Annuities Did you know that an annuity can be used to systematically accumulate money for retirement purposes, as well as to guarantee a retirement income

More information

Caution: Withdrawals made prior to age 59 ½ may be subject to a 10 percent federal penalty tax.

Caution: Withdrawals made prior to age 59 ½ may be subject to a 10 percent federal penalty tax. Annuity Distributions What are annuity distributions? How are annuity distributions made? How are your annuity payouts computed if you elect to annuitize? Who are the parties to an annuity contract? How

More information

Single Purchase Payment

Single Purchase Payment CONTRACT SUMMARY Pacific Life Insurance Company P.O. Box 2378 Omaha, NE 68103-2378 (800) 722-4448 Contract Owners (800) 722-2333 Registered Representatives www.pacificlife.com Pacific Income Provider Individual

More information

Creating lifetime income with Immediate Fixed Income Annuities

Creating lifetime income with Immediate Fixed Income Annuities Creating lifetime income with Immediate Fixed Income Annuities Fixed annuities available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments

More information

Fixed Income Annuities American Pathway Deferred Income Annuity (DIA) Qualified Longevity Annuity Contracts (QLAC)

Fixed Income Annuities American Pathway Deferred Income Annuity (DIA) Qualified Longevity Annuity Contracts (QLAC) Fixed Income Annuities American Pathway Deferred Income Annuity (DIA) Qualified Longevity Annuity Contracts (QLAC) Presenter: Charles Samuel, Internal Wholesaler for AIG Life and Retirement Annuities issued

More information

Make your money last through your retirement

Make your money last through your retirement Make your money last through your retirement symetra advantage income immediate annuity Not a bank or credit union deposit or obligation Not FDIC or NCUA/NCUSIF insured Not insured by any federal government

More information

advisory & Brokerage consulting services Make Your Retirement Savings Last a Lifetime

advisory & Brokerage consulting services Make Your Retirement Savings Last a Lifetime advisory & Brokerage consulting services Make Your Retirement Savings Last a Lifetime Member FINRA/SIPC ADVISORY & Brokerage consulting SERVICES Three Things to Consider When Planning for Retirement Today,

More information

longevity Income Guarantee a safety net of lifetime income for later in life Flexible Access Version Maximum Income Version ANNUITIES income

longevity Income Guarantee a safety net of lifetime income for later in life Flexible Access Version Maximum Income Version ANNUITIES income ANNUITIES income longevity SM Income Guarantee a safety net of lifetime income for later in life Flexible Access Version Maximum Income Version MetLife Investors Longevity Income Guarantee SM is issued

More information

Principal Income Protector SM Helping Maximize Income for Life

Principal Income Protector SM Helping Maximize Income for Life Principal Income Protector SM Helping Maximize Income for Life W E U N D E R S T A N D W H A T Y O U R E W O R K I N G F O R. What does retirement mean to you? Retirement means something different to each

More information

CHAPTER 10 ANNUITIES

CHAPTER 10 ANNUITIES CHAPTER 10 ANNUITIES are contracts sold by life insurance companies that pay monthly, quarterly, semiannual, or annual income benefits for the life of a person (the annuitant), for the lives of two or

More information

Leaving your employer? Options for your retirement plan

Leaving your employer? Options for your retirement plan Leaving your employer? Options for your retirement plan Contents Evaluating your options 1 The benefits of tax-deferred investing 4 Flexibility offered by an IRA rollover 6 How to get started 9 Evaluating

More information

Annuity Principles and Concepts Session Five Lesson Two. Annuity (Benefit) Payment Options

Annuity Principles and Concepts Session Five Lesson Two. Annuity (Benefit) Payment Options Annuity Principles and Concepts Session Five Lesson Two Annuity (Benefit) Payment Options Life Contingency Options - How Income Payments Can Be Made To The Annuitant. Pure Life versus Life with Guaranteed

More information

Discover What s Possible

Discover What s Possible Discover What s Possible Guaranteed Foundation Fixed Annuity SM Guaranteed Foundation Fixed Annuity SM PM6949 Create a pictureperfect retirement Retirement can be a relaxing time to enjoy what you love

More information

For advisor use only Advisor Guide

For advisor use only Advisor Guide For advisor use only Advisor Guide RBC Payout Annuities 2 RBC Payout Annuities: Advisor guide What you and your clients need to know about payout annuities In an uncertain financial world where guarantees

More information

Guardian Investor II SM Variable Annuity Fact Card

Guardian Investor II SM Variable Annuity Fact Card THE GUARDIAN INSURANCE & ANNUITY COMPANY, INC. (GIAC) Guardian Investor II SM Variable Annuity Fact Card A Variable Annuity is a long-term financial product for retirement purposes that allows you to accumulate

More information

Basic Facts about Variable Annuities

Basic Facts about Variable Annuities Basic Facts about Variable Annuities Variable annuities are long-term investment vehicles that provide a unique combination of insurance and investment features. Fundamentally, a variable annuity is an

More information

Providing income. when you need it for as long as you need it. MAX Income Single Premium Immediate Annuity is issued by

Providing income. when you need it for as long as you need it. MAX Income Single Premium Immediate Annuity is issued by MetLife Income Annuity SM Providing income when you need it for as long as you need it Single Premium Immediate Annuity is issued by MetLife Investors USA Insurance Company and in New York, only by First

More information

What is an annuity? The basics Part 1 of 8

What is an annuity? The basics Part 1 of 8 What is an annuity? The basics Part 1 of 8 You may be considering an annuity, and, if that s the case, it is important that know what an annuity is and isn t. Basically, an annuity is a contract with an

More information

IncomeSource. Issuers: Integrity Life Insurance Company National Integrity Life Insurance Company. Single Premium Immediate Annuity

IncomeSource. Issuers: Integrity Life Insurance Company National Integrity Life Insurance Company. Single Premium Immediate Annuity IncomeSource Single Premium Immediate Annuity RISK MANAGEMENT FINANCIAL SOLUTIONS Issuers: Integrity Life Insurance Company National Integrity Life Insurance Company CF-10-29000-1209 Create Retirement

More information

ANNUITIES INCOME. MetLife Guaranteed Income Builder SM INCOME. for. Life Living You

ANNUITIES INCOME. MetLife Guaranteed Income Builder SM INCOME. for. Life Living You ANNUITIES INCOME MetLife Guaranteed Income Builder SM INCOME for Life Living You THE STRENGTH OF METLIFE MetLife meets the challenges of today by drawing upon a long history of success. For over 140 years,

More information

Annuities The Key to a

Annuities The Key to a Annuities The Key to a Secure Retirement 1 Saving for retirement is crucial, and making sure those resources last throughout your lifetime is just as important. Annuities do both helping you save, then

More information

Minimum distribution. Making it simple

Minimum distribution. Making it simple Minimum distribution Making it simple Required minimum distributions What you need to know What are required minimum distributions?... 03 TIAA-CREF s Minimum Distribution Option (MDO)... 04 Is the Minimum

More information

Chapter 19 Retirement Products: Annuities and Individual Retirement Accounts

Chapter 19 Retirement Products: Annuities and Individual Retirement Accounts Chapter 19 Retirement Products: Annuities and Individual Retirement Accounts Overview Thus far we have examined life insurance in great detail. Life insurance companies also market a product that addresses

More information

The Hartford Income Security SM

The Hartford Income Security SM The Hartford Income Security SM A Fixed Deferred Payout Annuity Prepare To Live SM For Use In All States, Except Florida Start Building Your Future Income Today There s never been a better time to begin

More information

Protecting Retirement Income and Assets

Protecting Retirement Income and Assets ONcore Variable Annuities Protecting Retirement Income and Assets Protect Guarantee retirement income without sacrificing your Plan Accumulate legacy to heirs. Access NOT A DEPOSIT NOT FDIC INSURED NOT

More information

Excerpts from IRI Annuity Fact Book Variable Annuity 101 An annuity is often viewed as life insurance in reverse. Whereas life insurance protects an individual against premature death, an annuity protects

More information

IRA Opportunities. Traditional IRA vs. Roth IRA: Which is right for you? What kind of retirement funding vehicle is right for you?

IRA Opportunities. Traditional IRA vs. Roth IRA: Which is right for you? What kind of retirement funding vehicle is right for you? IRA Opportunities. Traditional IRA vs. Roth IRA: Which is right for you? What kind of retirement funding vehicle is right for you? Now more than ever, an Individual Retirement Account (IRA) may help provide

More information

Freedom Variable Annuity

Freedom Variable Annuity Freedom Variable Annuity Variable Product Series Building your future with a secure partner SM Kansas City Life Insurance Company Freedom Variable Annuity features at a glance Minimum deposit $25,000 minimum

More information

Understanding Annuities

Understanding Annuities Retirement Planning Understanding Annuities Learn how these versatile investments can be part of your strategy for retirement savings and income. understanding annuities Annuities can help provide the

More information

Creating future lifetime income with Deferred Income Annuities

Creating future lifetime income with Deferred Income Annuities Creating future lifetime income with Deferred Income Annuities Fixed annuities available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments

More information

Understanding fixed index annuities

Understanding fixed index annuities Allianz Life Insurance Company of North America Understanding fixed index annuities M-5217 Page 1 of 12 Page 2 of 12 It s time to rethink retirement. In past years, the financial markets have experienced

More information

Building an Effective Retirement Portfolio with Whole Life Insurance Guarding Your Retirement Style

Building an Effective Retirement Portfolio with Whole Life Insurance Guarding Your Retirement Style Building an Effective Retirement Portfolio with Whole Life Insurance Guarding Your Retirement Style A CONSUMER GUIDE The Boomer Generation an Introduction to a Different Decade When do you plan to retire?

More information