Annuity Income – Take the time to understand this product and strategy for guaranteed income.
Client is age 65 with $350,000 and wanting this portion of his money out of the market – No risk! However he needed about $1,000 per month of income from these funds, plus growth to supplement his retirement income needs. We proposed that he take $36,000 and keep this in cash and draw from it for the next 3 years. The other $314,000 could be placed in the Core 7 Indexed Annuity with an increasing payout beginning in year 4. The guaranteed payout would be about $18,000 beginning in year 4 and likely to be $20,000 or more. With the increasing income option, each year in the future, when the index is positive, the client will receive a raise. We were able to achieve what this client needed with nearly no worries about his retirement income needs for the rest of his life. Click on this link for the illustration sample – Core Income 7, 65 year old $314,000 Rising Option
Hopefully you are thinking of clients where you can add real additional significance and value to their family with protection and legacy strategies.
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