COMMINSURE LIFETIME INCOME ANNUITY.
|
|
- Maude Cunningham
- 8 years ago
- Views:
Transcription
1 COMMINSURE LIFETIME INCOME ANNUITY. A retirement income solution now with a Death Benefit Guarantee. A CommInsure Lifetime Income Annuity now offers even more comfort, protection and value with a Death Benefit Guarantee that allows retirees to provide for their loved ones, in the event of an untimely death. ADVISER USE ONLY
2 RETIREMENT IS AN EXCITING NEW CHAPTER IN A PERSON S LIFE. It s a time to unwind, relax and explore different possibilities, but for many Australians it also brings new challenges. A smooth transition and comfortable, enjoyable retirement lifestyle requires careful planning. Fortunately, retirees don t have to do it alone. With the help of a professional financial adviser, they can build a robust savings and investment portfolio which will deliver a regular, reliable income for life. CommInsure also offers a range of innovative retirement income solutions to help retirees achieve their retirement goals while managing key risks like market risk, interest rate risk and longevity risk. With the CommInsure Lifetime Income Annuity, investors and advisers can secure a regular, stable income stream regardless of how investment markets are performing. CommInsure s annuity payments aren t affected by share market volatility or interest rate fluctuations which is critically important in the prevailing lower growth, lower return environment. With the CommInsure Lifetime Income Annuity, investors have the peace and security of knowing they have a guaranteed income stream for life.
3 In addition, a CommInsure Lifetime Income Annuity now offers even more comfort, protection and value with a Death Benefit Guarantee, allowing retirees to provide for their loved ones in the event of their untimely death. By choosing a CommInsure Lifetime Income Annuity with a Guaranteed Period, new investors will now receive CommInsure s Death Benefit Guarantee. 1
4 WHAT IS THE DEATH BENEFIT GUARANTEE? The Death Benefit Guarantee ensures that if an investor dies after starting their annuity but before the end of their chosen Guaranteed Period, a guaranteed lump sum payment will be paid to their beneficiary or estate. The value of the Death Benefit Guarantee will depend on the initial amount invested and the total number of regular payments that have already been made at the time of death. The value of the Death Benefit Guarantee decreases as the policy approaches the end of the Guaranteed Period. After this point, investors will continue to receive their regular income payments but when they pass away, no additional payment will be made to their estate. THE FORMULA FOR CALCULATING THE DEATH BENEFIT GUARANTEE IS: Purchase price / x Total number of regular The Purchase price payments to be paid over the Guaranteed Period [( ) ] number of regular payments made as at the date of death (See example to the right) 2
5 Death Benefit Guarantee (DBG) for female aged 65 with Guarantee Period (GP) of 10 years, $200k investment and annual payments 200, , , , , ,000 80,000 60,000 40,000 20,000 Death Benefit Guarantee Year Death occurs after year: Initial purchase price $200,000 for a 65 year old female with annual payments and Guaranteed Period of 10 years DBG after each payment Purchase Price formula applies here Reduction factor In this example, the DBG reduces in value by $20k after each regular payment , ,000 - (200,000/10) x , ,000 - (200,000/10) x , ,000 - (200,000/10) x , ,000 - (200,000/10) x , ,000 - (200,000/10) x , ,000 - (200,000/10) x , ,000 - (200,000/10) x , ,000 - ((200,000/10) x , ,000 - (200,000/10) x ,000 - (200,000/10) x $0 (GP Expired) 0 12 $0 (GP Expired) 0 3
6 WHAT IS THE GUARANTEED PERIOD? The Guaranteed Period is any full year term (up to the owner s life expectancy) of a Lifetime Income Annuity chosen by the investor. The term, or length of time, is chosen by the investor at the commencement of the policy and ensures that an amount at least equal to the Death Benefit Guarantee will be paid to their beneficiaries or estate if they die during that period. During the Guaranteed Period the annuity also has a withdrawal value which is determined at the time of withdrawal with reference to the remaining guaranteed payments. With a CommInsure Lifetime Income Annuity, retirees have the option of choosing a maximum Guaranteed Period up to their life expectancy. The table to the right shows the maximum Guaranteed Period for men and women, based on their age at investment. The maximum Guaranteed Period is based on a person s age and their life expectancy. 4
7 Maximum Guaranteed Periods Age at inception Female Maximum Guaranteed Period Male years 24 years years 20 years years 16 years years 12 years years 9 years 85 8 years 7 years While it s common for retirees who want maximum security and peace of mind to choose a Guaranteed Period up to life expectancy, investors also have the option of choosing a shorter Guaranteed Period or no Guaranteed Period, depending on their personal circumstances. 5
8 HOW IT WORKS Case study: JOHN 65 JULIE 60 BOTH RECENTLY RETIRED They own their apartment and both receive a part pension. John has set up an account-based pension, which comfortably covers their living expenses. John is concerned about how long his account-based pension will last given the recent market volatility. He s also concerned about outliving his savings. He wants to supplement his existing income and better manage his cashflow to spend more on lifestyle costs like travel, new furniture and renovations while protecting Julie and himself against market risk, longevity risk and potential changes to the Age pension. John s financial adviser has recommended that he use the remainder of his superannuation to buy a lifetime annuity, as part of a broader retirement savings portfolio. He chooses to invest the remainder of his superannuation of $100,000 in a CommInsure Lifetime Income Annuity with a Guaranteed Period of 20 years. Based on John s age, the superannuation annuity income stream he will receive annually will be tax-free income for life, even if he lives beyond his current life expectancy of age 85. John has peace of mind knowing that should he unexpectedly pass away in the next 20 years, CommInsure s Death Benefit Guarantee gives Julie, as the reversionary beneficiary, the option of receiving a lump sum payment or continuing to receive regular payments. The table to the right illustrates how the Death Benefit Guarantee is calculated in this scenario if regular payments are made annually.
9 Initial purchase price $100,000, 65 year old male with annual payments Death occurs after year: DBG after each year with a Guaranteed Period up to Life Expectancy (20 years) Income received p.a. Cumulative income received 1 $95,000 $5,350 $5,350 2 $90,000 $5,350 $10,700 3 $85,000 $5,350 $16,050 4 $80,000 $5,350 $21,400 5 $75,000 $5,350 $26,750 6 $70,000 $5,350 $32,100 7 $65,000 $5,350 $37,450 8 $60,000 $5,350 $42,800 9 $55,000 $5,350 $48, $50,000 $5,350 $53, $25,000 $5,350 $80, $20,000 $5,350 $85, $15,000 $5,350 $90, $10,000 $5,350 $96, $5,000 $5,350 $101, $5,350 $107, $5,350 $133, $5,350 $160,500 $100,000 $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 DBG after each year with a Guaranteed Period up to Life Expectancy (20 years) Withdrawal benefit at end of policy year Income received p.a. $ Rates are illustrative only and are based on market conditions as at March
10 HOW IT WORKS (cont) Case study: MARGARET 85 WIDOW She recently sold the family home and downsized to an apartment in a retirement village. As a result, Margaret is no longer eligible for the Age Pension because her assets now exceed the assets test threshold. Margaret would like to invest the money left over from the sale of her home to create a regular income stream which would cover her living expenses, any aged care and medical costs, and allow her to continue spoiling her grandchildren. However, at her age, Margaret won t accept any market risk. Her main priorities are preserving her wealth to make sure she doesn t become a burden on her family, and leaving an inheritance for her grandchildren. Margaret decides to invest $200,000 in a CommInsure Lifetime Income Annuity, nominating annual payments with a maximum Guaranteed Period up to life expectancy. The annuity guarantees Margaret will receive annual income payments for the rest of her life. Importantly, if Margaret passes away during the Guaranteed Period of 8 years, her nominated estate will receive a lump sum payment. For example, if Margaret passed away at age 88, she will have already received $59,460 in annual payments, and importantly, her estate would receive a lump sum DBG payment of $125,000. If, however, Margaret lives beyond her life expectancy, she still has the peace of mind of knowing that her annuity will provide a regular income for as long as she lives. The table to the right illustrates how the Death Benefit Guarantee is calculated in this scenario.
11 Initial purchase price $200,000, 85 year old female with annual payments Death occurs after year: DBG after each year with a Guaranteed Period up to Life Expectancy (8 years) Income received p.a. Cumulative income received 1 $175,000 $19,820 $19,820 2 $150,000 $19,820 $39,640 3 $125,000 $19,820 $59,460 4 $100,000 $19,820 $79,280 5 $75,000 $19,820 $99,100 6 $50,000 $19,820 $118,920 7 $25,000 $19,820 $138, $19,820 $158, $19,820 $178, $19,820 $198, $19,820 $297,300 $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $ DBG after each year with a Guaranteed Period up to Life Expectancy (8 years) Withdrawal benefit at end of policy year Income received p.a. 1. Rates are illustrative only and are based on market conditions as at March
12 WITHDRAWAL BENEFIT AND HOW IT S CALCULATED Life is full of unexpected surprises which is why a CommInsure Lifetime Income Annuity with a Guaranteed Period provides investors with the flexibility to withdraw funds from their investment early should their circumstances change. While an annuity is designed to provide investors with a regular guaranteed income and not on-call access to capital, a CommInsure Lifetime Annuity offers a Withdrawal Benefit during the Guaranteed Period. The value of the Withdrawal Benefit depends on three factors: 1 Prevailing interest rates at the time of withdrawal; 2 Regular payments remaining to the end of the Guaranteed Period; and 3 Requirements under the Life Insurance Act. The tables to the right illustrate the value of the Withdrawal Benefit based on current interest rates and the impact if interest rates were to rise or fall by 1 per cent. 10
13 CALCULATING THE VALUE OF THE WITHDRAWAL BENEFIT Example 1: Investment amount $100,000 Lifetime Annuity 65 Male Guarantee Period (life expectancy) 20 Annuity frequency Annual First year annuity payment $5,350 CPI No Annuity indexation 0% RCV $0 Death occurs after year: Withdrawal Benefit at end of policy year No change in interest rate Interest rate +1% Interest rate -1% DBG after each year with a Guaranteed Period up to Life Expectancy (20 years) Income received p.a. Cumulative income received 1 $63,600 $58,750 $69,050 $95,000 $5,350 $5,350 2 $61,650 $57,150 $66,700 $90,000 $5,350 $10,700 3 $59,600 $55,450 $64,300 $85,000 $5,350 $16,050 4 $57,450 $53,550 $61,700 $80,000 $5,350 $21,400 5 $55,150 $51,600 $59,050 $75,000 $5,350 $26,750 6 $52,750 $49,550 $56,250 $70,000 $5,350 $32,100 7 $50,200 $47,300 $53,350 $65,000 $5,350 $37,450 8 $47,500 $44,900 $50,300 $60,000 $5,350 $42,800 9 $44,600 $42,350 $47,050 $55,000 $5,350 $48, $41,500 $39,550 $43,600 $50,000 $5,350 $53, $23,400 $22,750 $24,050 $25,000 $5,350 $80, $19,150 $18,700 $19,600 $20,000 $5,350 $85, $14,750 $14,450 $15,000 $15,000 $5,350 $90, $10,050 $9,900 $10,200 $10,000 $5,350 $96, $5,100 $5,050 $5,150 $5,000 $5,350 $101, $5,350 $107, $5,350 $133, $5,350 $160, Rates are illustrative only and are based on market conditions as at March The withdrawal value will be calculated based on a number of factors including the prevailing rates at the time you withdraw your investment and the regular payments remaining to the end of the Guaranteed Period (if applicable). 11
14 CALCULATING THE VALUE OF THE WITHDRAWAL BENEFIT Example 2: Investment amount $200,000 Lifetime Annuity 85 Female Guarantee Period (life expectancy) 8 Annuity frequency Annual First year annuity payment $19,820 CPI No Annuity indexation 0% RCV $0 Withdrawal Benefit at end of policy year Death occurs after year: No change in interest rate Interest rate +1% Interest rate -1% DBG after each year with a Guaranteed Period up to Life Expectancy (8 years) Income received p.a. Cumulative income received 1 $115,800 $111,700 $120,150 $175,000 $19,820 $19,820 2 $101,700 $98,500 $105,050 $150,000 $19,820 $39,640 3 $86,750 $84,350 $89,200 $125,000 $19,820 $59,460 4 $71,000 $69,400 $72,700 $100,000 $19,820 $79,280 5 $54,600 $53,600 $55,650 $75,000 $19,820 $99,100 6 $37,200 $36,650 $37,750 $50,000 $19,820 $118,920 7 $19,000 $18,800 $19,150 $25,000 $19,820 $138, $19,820 $158, $19,820 $178, $19,820 $198, $19,820 $297, Rates are illustrative only and are based on market conditions as at March The withdrawal value will be calculated based on a number of factors including the prevailing rates at the time you withdraw your investment and the regular payments remaining to the end of the Guaranteed Period (if applicable).
15 WHO SHOULD INVEST IN A COMMINSURE LIFETIME INCOME ANNUITY? Retirees and other income-focused investors who need a stable and reliable income for life or for the life of their partner. Retirees who are concerned they may outlive their retirement savings and want to make financial provisions for the long-term. Retirees who are concerned about current market conditions and don t want their capital or income to be affected by share market volatility. Retirees who want to leave an inheritance to their partner, children and grandchildren as part of their estate planning. WHY COMMINSURE? As a specialist in the annuities market, CommInsure s responsible approach to investing combines simplicity with competitive rates and responsible service. CommInsure has a long history of partnering with leading independent financial advisers to provide innovative investment and insurance solutions to their clients. A CommInsure Lifetime Income Annuity can help investors and advisers minimise uncertainty and boost financial security by delivering a stable guaranteed income stream for life. The new Death Benefit Guarantee provides retirees with the added comfort of knowing that their loved ones will be taken care of should they pass away unexpectedly.
16 WANT TO KNOW MORE For more information about CommInsure s range of annuities and other investment solutions, including the CommInsure Investment Growth Bond, please speak to your local CommInsure Retirement Business Development Manager. For contact details please visit: comminsureadviser.com.au/annuities Alternatively you can call us on: CIL Things you should know: This document was prepared by The Colonial Mutual Life Assurance Society Limited ABN AFSL (CMLA), a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN AFSL It is for the use of advisers only and is not to be issued in full or in part or otherwise made available to members of the public. It is information of a general nature only and should not be regarded as specific advice. Advisers should refer to the PDS and relevant life company policy documents for further clarification. CommInsure is a registered business name of CMLA. Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information. CommInsure is not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.
Investment Growth Bond
Investment Growth Bond A flexible tax-effective investment Simple Guide simple and quick Who should invest? The Investment Growth Bond has been designed for investors: seeking a simple, tax effective,
More informationChallenger Guide to annuities
Challenger Guide to annuities Secure your future with a safe, reliable income stream Table of contents About Challenger 1 Introduction 2 Retirement is different 3 About annuities 4 What is an annuity?
More informationCurrent as at 1 July 2014 Adviser use only. Technical guide: Challenger Lifetime and Term Annuities
Current as at 1 July 2014 Adviser use only Technical guide: Challenger Lifetime and Term Annuities Table of contents Introduction 1 Challenger Lifetime Annuities 2 Product features 3 Centrelink treatment
More informationChallenger Lifetime annuities
Challenger Lifetime annuities Regular and secure income for life Challenger Lifetime annuities A Challenger lifetime annuity is a secure investment that protects your savings and can provide an income
More informationUnderstanding annuities Secure your future with a safe, reliable income stream
Understanding annuities Secure your future with a safe, reliable income stream Contents Retirement today 1 Growing assets versus protecting assets 3 What is an annuity? 4 Types of annuities 7 Benefits
More informationINVESTMENT GROWTH BOND PLAN FOR A BRIGHTER FUTURE
INVESTMENT GROWTH BOND PLAN FOR A BRIGHTER FUTURE Product Disclosure Statement Issue date: 31 July 2015 Issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA)
More informationUnderstanding retirement income Version 5.0
Understanding retirement income Version 5.0 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to understanding retirement.
More informationChallenger Adviser support tools
Adviser support tools Brochures Calculators Webcasts and animation Always ready to provide support. We offer a range of retirement tools, calculators and resources online to help you ensure your clients
More informationYour retirement options. Making the most of your retirement
Your retirement options Making the most of your retirement Your retirement your choice Retirement it s an exciting time, but it s a challenging time. So many choices, so many possibilities so how do you
More informationSUPERANNUATION Retirement fundamentals
SUPERANNUATION Retirement fundamentals Your guide to retirement You ve been working hard to accumulate your superannuation, and now you re nearing the next stage of your life retirement. So what do you
More informationJoe and Tina Setting up a secure retirement income
Joe and Tina Setting up a secure retirement income Clients Joe and Tina Age 65 and retiring Assets $400,000 superannuation in Joe s name Goals To always have money to pay for basic costs of living, have
More informationRetirement Income Streams. Information from the Australian Government Department of Families, Community Services and Indigenous Affairs (FaCSIA) 2007
Retirement Income Streams Information from the Australian Government Department of Families, Community Services and Indigenous Affairs (FaCSIA) 2007 Contents Disclaimer of liability iv Retirement Income
More informationChallenger Guaranteed Annuity (Liquid Lifetime)
Challenger Guaranteed Annuity (Liquid Lifetime) Product Disclosure Statement (PDS) Dated 27 October 2014 Challenger Guaranteed Annuity (SPIN CHG0005AU) Issuer Challenger Life Company Limited (ABN 44 072
More informationWhy would you want to consider insurance? We pay claims
SMSF Plan CommInsure s SMSF Plan is a customised, easy to use product designed to offer SIS-aligned cover to SMSF trustees. This has the potential to reduce the compliance burden on trustees when selecting
More informationChallenger Retirement Income Research. How much super does a retiree really need to live comfortably? A comfortable standard of living
14 February 2012 Only for use by financial advisers How much super does a retiree really need to live comfortably? Understanding how much money will be needed is critical in planning for retirement One
More informationUnderstanding Superannuation
Understanding Superannuation Client Fact Sheet July 2012 Superannuation is an investment vehicle designed to assist Australians save for retirement. The Federal Government encourages saving through superannuation
More informationThinking about retirement. A guide to help you plan and fund your retirement lifestyle
Thinking about retirement A guide to help you plan and fund your retirement lifestyle How to plan and fund your retirement By now, you ve done most of the hard work: holding down a career and acquiring
More informationPlum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015
Plum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015 This update to the Plum Superannuation Fund Product Disclosure Statement is provided as a result
More informationIncome Care with either monthly or lump sum benefits
Income Care with either monthly or lump sum benefits Important information This advice has been prepared by CommInsure, a registered business name of The Colonial Mutual Life Assurance Society Limited
More informationGuaranteed 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 informationChallenger Guaranteed Annuity
Challenger Guaranteed Annuity Product Disclosure Statement (PDS) Dated 13 June 2014 Challenger Guaranteed Annuity (SPIN CHG0005AU) Issuer Challenger Life Company Limited (ABN 44 072 486 938) (AFSL 234670)
More informationImportant information:
SMSF insurance Important information: This document has been prepared by CommInsure, a registered business name of The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).
More informationANNUITY TAX GUIDE 2015. ANNUITY TAX GUIDE TO HELP YOU COMPLETE YOUR 2014-2015 TAX RETURN Issue date: July 2015
ANNUITY TAX GUIDE 2015 ANNUITY TAX GUIDE TO HELP YOU COMPLETE YOUR 2014-2015 TAX RETURN Issue date: July 2015 Annuity Tax Guide 2015 This guide will help you complete your 2014-2015 tax return if you received
More informationMacquarie Longevity Solutions. Macquarie Lifetime Income Guarantee
Macquarie Longevity Solutions Macquarie Lifetime Income Guarantee How can Macquarie help? The Macquarie Lifetime Income Guarantee Policy provides you with a flexible, low cost investment which guarantees
More informationHow To Get Insurance In Australia
Australia s $3.1 trillion underinsurance crisis February 2012 CommInsure Life Insurance Survey Source: CommInsure Life Insurance Survey 2011 The underinsurance issue Australians are currently underinsured
More informationACHIEVE YOUR FINANCIAL GOALS WITH THE HELP OF A COMMONWEALTH FINANCIAL PLANNER.
ACHIEVE YOUR FINANCIAL GOALS WITH THE HELP OF A COMMONWEALTH FINANCIAL PLANNER. Andrew has been our financial planner for 16 17 years. During this time Andrew s advice has always been very professional
More informationSUPERANNUATION. Home Insurance. Super fundamentals. Foundations for your future
SUPERANNUATION Home Insurance Super fundamentals Foundations for your future As one of your most important financial investments, it s worth understanding how superannuation works. For many Australians,
More informationTaxpayers Australia Inc
Taxpayers Australia Inc Superannuation Australia (A wholly owned subsidiary of Taxpayers Australia Inc) Glossary of superannuation terms These terms are commonly used in the superannuation sector. Account-based
More informationIncome Care with either monthly or lump sum benefits
Income Care with either monthly or lump sum benefits Important information This advice has been prepared by CommInsure, a registered business name of The Colonial Mutual Life Assurance Society Limited
More informationCommInsure Protection
CommInsure Protection Combined Product Disclosure Statement (PDS) and Policy Issue date: 11 May 2014 Product Disclosure Statement This Product Disclosure Statement (PDS) is issued by the insurer, The Colonial
More informationIncome Protection and Total and Permanent Disability
Income Protection and Total and Permanent Disability Important information George s story and Leona s story are hypothetical stories and are included for illustrative purposes only. The names and identifying
More informationADVANCE RETIREMENT SAVINGS ACCOUNT Annual Report for year ended 30 June 2014. Issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724
ADVANCE RETIREMENT SAVINGS ACCOUNT Annual Report for year ended 30 June 2014 Issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 CONTENTS Introduction... 1 Recent developments in superannuation...
More informationRe: A Plan to Simplify and Streamline Superannuation
9 August 2006 The General Manager Superannuation, Retirement and Savings Division The Treasury Langton Crescent PARKES ACT 2600 Dear Sir, Re: A Plan to Simplify and Streamline Superannuation Annuity providers
More informationAustChoice Super general reference guide (ACH.02)
AustChoice Super general reference guide (ACH.02) Issued: 28 May 2015 This guide contains important information not included in the AustChoice Super PDS. We recommend you read this entire guide. The information
More informationADAPTABLE INSURANCE FOR LIFE. INSURANCE INSIDE SUPER. Case studies include the Total Care Plan Super Rollover discount (TCPS RD)
ADAPTABLE INSURANCE FOR LIFE. INSURANCE INSIDE SUPER Case studies include the Rollover discount (TCPS RD) Adaptable insurance for life. s needs and budgets can change they move jobs, get married, have
More informationMACQUARIE LIFETIME INCOME GUARANTEE POLICY
MACQUARIE LIFETIME INCOME GUARANTEE POLICY series 1: Product disclosure statement issued 8 march 2010 Important NOTICE This Product Disclosure Statement ( PDS ) is dated 8 March 2010 and together with
More information25 Must Ask Annuity Questions
25 Must Ask Annuity Questions When Can I Buy An Annuity? Who Is The Best Annuity Provider? Why Do I Need Advice? 1. What is an Annuity? If you have a private pension when you retire you can purchase an
More informationUpdate to CommInsure Protection Combined Product Disclosure Statement (PDS) and Policy
Update to CommInsure Protection Combined Product Disclosure Statement (PDS) and Policy Effective 25 June 2014, this document updates the Sum m ary of incom e p ro t ect ion d if f erences in sid e an d
More informationPlanning a prosperous retirement
Planning a prosperous retirement Towry s Guide to Retirement Planning About Towry We are one of the UK s leading Wealth Advisers and specialise in providing high quality, expert financial advice to private
More informationSmart strategies for maximising retirement income
Smart strategies for maximising retirement income 2010 Why you need to create a life-long income Australia has one of the highest life expectancies in the world and the average retirement length has increased
More informationPalladium 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 informationINCOME 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 informationA GUIDE TO FINANCIAL GUIDE. New Pensions Freedom GIVING PEOPLE MORE CONFIDENCE TO SAVE INTO A PENSION
FINANCIAL GUIDE A GUIDE TO New Pensions Freedom GIVING PEOPLE MORE CONFIDENCE TO SAVE INTO A PENSION WELCOME Giving people more confidence to save into a pension Welcome to our Guide to New Pensions Freedom.
More informationRetirement: Time to Enjoy Your Rewards
Retirement: Time to Enjoy Your Rewards New York Life Guaranteed Lifetime Income Annuity The Company You Keep Some people generate retirement income by withdrawing money from their savings as they need
More informationChallenger Guaranteed Allocated Pension
Challenger Guaranteed Allocated Pension Product Disclosure Statement (PDS) Dated 1 January 2015 Challenger Retirement Fund Allocated Pension (SPIN CIT0101AU) (ABN 87 883 998 803) (RSE Registration Number
More informationInvestment. A guide to investment bonds
Investment A guide to investment bonds Investment bonds represent an opportunity to build wealth in a unique tax environment. * Here is a brief explanation of how investment bonds work. About OnePath OnePath
More informationRetirement. Income. your way
Retirement. Income. your way YOUR GUIDE TO SUNFLEX RETIREMENT INCOME Life s brighter under the sun Table of contents Introduction... 3 The five retirement risks... 4 Money for Life... 5 Product Overview
More informationG 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 informationFamily law and superannuation
Family law and superannuation Fact sheet This fact sheet looks at the process of splitting a superannuation benefit under the family law process and the types of benefits that may be affected, including
More informationBT Super for Life. Product Disclosure Statement (PDS) Contents. Dated 1 July 2014
Contents BT Super for Life Product Disclosure Statement (PDS) Dated 1 July 2014 1. About BT Super for Life 2 2. How super works 2 3. Benefits of investing with BT Super for Life 3 4. Risks of super 5 5.
More informationyour making your retirement goals a reality Retirement Guide
making your retirement goals a reality your Retirement Guide CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226 CARE Super (Fund) ABN 98 172 275 725 your retirement is in your hands It can be
More informationYour Super Guide. Product Disclosure Statement 15 December 2014 Nestlé Super Insured Accumulation category. Contents. Important Information
Australia Group Superannuation Fund Your Super Guide Product Disclosure Statement 15 December 2014 Nestlé Super Insured Accumulation category Contents 1 About Nestlé Super p2 2 How super works p2 3 Benefits
More informationEducation Savings Plan
Education Savings Plan Supplementary Product Disclosure Statement 30 June 2011 To be read in conjunction with the Product Disclosure Statement dated 15 June 2010 (the PDS ). From 1 July 2011, the Product
More informationMassMutual 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 informationCreating 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 informationHow To Save For Retirement
Booklet 1 Getting the best out of your superannuation savings MAStech Smart technical solutions made simple Contents Introduction 01 Introduction 03 Saving through super 08 How a super fund works 09 How
More informationGeneral reference guide
General reference guide (TPS.01) Issued: 1 July 2015 The Portfolio Service Super Essentials The Portfolio Service Superannuation Plan The Portfolio Service Retirement Income Plan This guide contains important
More informationBT Lifetime. Personal Super. Contents. 1. About BT Lifetime Personal Super 2 2. How super works 2 3.
Contents BT Lifetime Personal Super Product Disclosure Statement (PDS) Dated 1 July 2014 1. About BT Lifetime Personal Super 2 2. How super works 2 3. Benefits of investing with BT Lifetime Personal Super
More informationZurich Super Estate Management
Zurich Super Estate Management Binding Nominations The Trustee of the Zurich Master Superannuation Fund is Zurich Australian Superannuation Pty Limited ABN 78 000 880 553, AFSL 253 500, RSE Licence No.
More informationShould I Buy an Income Annuity?
Prepared For: Valued Client Prepared By: CPS The purchase of any financial product involves a trade off. For example when saving for retirement, you are often faced with making a trade off between how
More informationImmediate 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 informationImmediate 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 informationAMP Eligible Rollover Fund
AMP Eligible Rollover Fund Fact sheet Issued 30 June 2014 Issued by AMP Superannuation Limited ABN 31 008 414 104, AFSL No. 233060, the Trustee of AMP Eligible Rollover Fund ABN 32 931 224 407. Registered
More informationExcerpts 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 informationInvestment Bonds Flexible, accessible and tax-effective
IOOF WealthBuilder Investment Bonds Flexible, accessible and tax-effective Presented by Graham Smith IOOF WealthBuilder Investment Specialist Disclaimer This document is for financial adviser use only
More informationPut your clients on the TTR track
RETIREMENT November 2012 Put your clients on the TTR track Adviser guide to transition to retirement strategies About OnePath OnePath is one of Australia s leading providers of wealth, insurance and advice
More informationSUPERANNUATION. Home Insurance. Super fundamentals. Foundations for your future
SUPERANNUATION Home Insurance Super fundamentals Foundations for your future As one of your most important financial investments, it s worth understanding how superannuation works. For many Australians,
More informationShould I Buy an Income Annuity?
The purchase of any financial product involves a trade off. For example when saving for retirement, you are often faced with making a trade off between how much you want to protect your investments from
More informationSuperannuation. A Financial Planning Technical Guide
Superannuation A Financial Planning Technical Guide 2 Superannuation Contents Superannuation overview 4 Superannuation contributions 4 Superannuation taxation 7 Preservation 9 Beneficiary nomination 9
More informationCreating 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 informationCaution: 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 informationSuper income stream strategies webinar
Super income stream strategies webinar Presented by: Brett Ricchini, Financial Advisor, 2 December 2014 Create your retirement plan Maximise your Super Income Stream to fund your future lifestyle aspirations
More informationHow To Get A Pension From Great West Life
Income annuities Retirement income guaranteed Are you looking for stable and guaranteed income you can count on throughout your retirement? A lifetime income annuity can become the cornerstone of your
More informationBT Super for Life. Product Disclosure Statement (PDS) Contents. Dated: 1 July 2015
Contents BT Super for Life Product Disclosure Statement (PDS) Dated: 1 July 2015 1. About BT Super for Life 2 2. How super works 2 3. Benefits of investing with 3 BT Super for Life 4. Risks of super 5
More informationThe 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 informationHow To Use A Massmutual Whole Life Insurance Policy
An Educational Guide for Individuals Unlocking the value of whole life Whole life insurance as a financial asset Insurance Strategies Contents 3 Whole life insurance: A versatile financial asset 4 Providing
More informationTelstra Super Personal Plus
01/ 17 NOVEMBER 2015 PRODUCT DISCLOSURE STATEMENT Telstra Super Personal Plus Making the most of your future Contents 01 About Telstra Super and Telstra Super Personal Plus 02 02 How super works 02 03
More informationThe value of life insurance
The value of life insurance Important information CommInsure Protection is an insurance product which is offered through the Colonial Super Retirement Fund ABN 40 328 908 469 (the Fund). Colonial Mutual
More informationFEDERAL BUDGET 2009 UPDATE BRIEF SUMMARY
Wealth Management Federal Budget 2009 FEDERAL BUDGET 2009 UPDATE BRIEF SUMMARY The Government has delivered what it says is one of the most difficult Budgets since the great depression, with many winners
More informationLifeplan NextGen Investments
Lifeplan NextGen Investments Essential Guide to Investment Bonds Adviser Use Only Everything you wanted to know about Lifeplan NextGen Investments. March 2014. Is the PDS FoFA compliant? The Lifeplan NextGen
More informationThe value of life insurance
The value of life insurance Most of us think it won t happen to me And if you are very lucky, it might not. But, chances are, many of us will have our lives interrupted by an accident, illness or death.
More informationA 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 informationRetirement made easy. Helping you achieve your retirement goals. rest.com.au/restpension 1300 305 778
Retirement made easy Helping you achieve your retirement goals rest.com.au/restpension 1300 305 778 Helping you achieve your retirement goals As you near retirement you probably have a number of questions
More informationThe Retirement Account. Certainty, flexibility and simplicity for life
Certainty, flexibility and simplicity for life Introducing Retirement Advantage Previously known as MGM Advantage and Stonehaven, we are a well-established company that can trace our roots back over 150
More informationCommInsure Capital Adequacy Disclosure. Version 1 Dated: 30 June 2014
CommInsure Capital Adequacy Disclosure Version 1 Dated: 30 June 2014 CommInsure CommInsure is a registered business name under which the insurance companies in the Commonwealth Bank Group (the Group) conduct
More informationThe Fiducia Guide to Retirement Planning
The Fiducia Guide to Retirement Planning September 2012 Fiducia Wealth Management Limited Dedham Hall Business Centre, Brook Street Colchester, Essex, CO7 6AD Fiducia Wealth Management Limited is authorised
More informationShould I Buy an Income Annuity?
Prepared For: Fred & Wilma FLINT Prepared By: Don Maycock The purchase of any financial product involves a trade off. For example when saving for retirement, you are often faced with making a trade off
More informationLifetime income benefit
Canada life segregated Funds Lifetime income benefit Guarantee your income for life Grow income don t allow it to decrease Financial strength and stability Canada Life, founded in 1847, was Canada s first
More informationRetirement made easy. Helping you achieve your retirement goals. rest.com.au/restpension 1300 305 778
Retirement made easy Helping you achieve your retirement goals rest.com.au/restpension 1300 305 778 Helping you achieve your retirement goals As you near retirement you probably have a number of questions
More informationHow To Take A Pension From A Pension Fund
UPDATED: 6 April 2015 NEW pension freedoms Your options at retirement How to take tax-free lump sums and income, under new pension freedoms One College Square South, Anchor Road, Bristol, BS1 5HL www.hl.co.uk
More informationFor the half year ended 31 December 2007 The perks for working at University of Western Sydney just got better.
For the half year ended 31 December 2007 The perks for working at University of Western Sydney just got better. 25 13th May February 2009 2008 Commonwealth Bank of Australia ACN 123 123 124 Employee Plus
More informationSmart strategies for maximising retirement income 2012/13
Smart strategies for maximising retirement income 2012/13 Why you need to create a life long income Australia has one of the highest life expectancies in the world and the average retirement length has
More informationCOVER THOSE YOU LOVE A GUIDE TO LIFE INSURANCE SUNCORP LIFE PROTECT
COVER THOSE YOU LOVE A GUIDE TO LIFE INSURANCE SUNCORP LIFE PROTECT THE EASY WAY TO PROTECT YOUR FAMILY You ve made the smart decision to learn about life insurance. Now we can make it easy for you to
More informationSelect FIXED annuities
THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY SINGLE PREMIUM DEFERRED ANNUITY Select FIXED annuities 14-1443-02 (0205) 1 Prudent investors recognize the VALUABLE BENEFITS of having a fixed annuity in
More informationSMSF Facts Sheet. July 2015
SMSF Facts Sheet July 2015 Key Superannuation Rates and Thresholds - 2015/16 Contributions The tables below contain the amounts of concessional and non-concessional contributions you may make to your superannuation
More informationUnderstanding 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 informationSuper and your retirement. Page 1
Super and your retirement Page 1 When we think about our retirement, we naturally imagine quite an ideal scenario. Living an active life in comfort and style. However the truth is, unless we make decisions
More informationMEMBERS 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