Fixed indexed annuities (FIA’s) can offer an array of living benefits, including protection from market downturns, tax deferrals, and index interest credits. Did you know that some FIA’s also offer guaranteed lifetime income that you can’t outlive? In some cases, you have the opportunity to double your income if you become confined or disabled. For example, staying in a qualified facility for a certain duration of time or being unable to perform a number of daily living activities could enable your annual maximum payments to double.
In this episode of Money Script Monday, Sean clarifies the conditions required to qualify for an income multiplier benefit and reviews a case study to highlight the importance of adding an FIA to your retirement portfolio.
Resources Provided for This Episode
Want consumer-friendly videos sent to your inbox every week? Sign up to receive to receive LifePro's weekly Money Script Monday video series providing financial clarity, dispelling myths, and showing you how money works in 10 minutes (or less). Subscribe now!
Have any questions? Give us a call at 888-LIFEPRO or email us at info@lifepro.com.
Want to learn more about how we can help with your unique financial situation? Fill in your contact information below, and we'll get started right away!