Category: Guaranteed Lifetime Income
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Retirement Income Investing: Beyond Annuities
One of the challenges of investing during retirement is providing for annual income while balancing that need with other considerations, such as liquidity, how long you need your funds to last, your risk tolerance, and anticipated rates of return for various types of investments. Annuities may be seen as a full or partial solution, since…
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Immediate Annuities Can Help Provide Lifetime Income
Running out of income is a concern for retirees. Immediate annuities offer a financial alternative to help meet retirement income needs by providing a steady stream of income designed to last through retirement. What is an immediate annuity? An immediate annuity is a contract between you and an annuity issuer (an insurance company) to which…
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Annuity Guaranteed Lifetime Withdrawal Benefit
What is it? A “living benefit” annuity rider A guaranteed lifetime withdrawal benefit (GLWB) is a rider attached to either a variable annuity or an equity-indexed annuity (also referred to as a fixed indexed annuity) that allows you to receive an annual withdrawal throughout your lifetime, without having to annuitize your contract. It is referred…
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Five Questions about Long-Term Care
1. What is long-term care? Long-term care refers to the ongoing services and support needed by people who have chronic health conditions or disabilities. There are three levels of long-term care: Long-term care is not just provided in nursing homes–in fact, the most common type of long-term care is home-based care. Long-term care services may…