they will choose from a variety of underlying investment options. The annuity’s payments, once annuitized, will partly be based on the performance of the underlying investments. Variable annuities appeal to investors because they allow annuitants to participate in market growth. However,...
Lacking flexibility: Guaranteed income options can be tailored to an individual’s needs, from the type of product to the way they receive payments, who is covered and for how long. Key Benefits and Risks As with any investment solution that has various pros and cons, guaranteed lifetime inco...
Variable annuities are better options for people with a higher risk tolerance – and a backup income stream if things go wrong. Pros and Cons of Annuities Not everyone needs an annuity. If you have enough money to fund your retirement entirely and leave a bunch to your heirs, annuities proba...
You can clearly see universal life insurance vs term has its advantages, especially if you have longevity in your family. When I speak to a client in a circumstance like this, and we weigh the pros and cons of guaranteed universal life vs term, a majority of the time we go with the GU...
Here are some pros and cons to consider: Pros Simple. The 4% rule is a straightforward formula for providing steady income. Can be flexible. It’s not set in stone. You can use it as a starting point for establishing your own fixed or variable withdrawals. Part of your estate plan....
Pros of guaranteed issue whole life insurance Fast, near-guaranteed approval Provides financial support to your beneficiaries No medical examrequired Cons of guaranteed issue whole life insurance Can be denied if you don’t meet product requirements, such as age, state of residency, or citizenship ...
Pros and Cons of a GLWB The primary benefit of a GLWB rider is that it safeguards you from the possibility of receiving a lower lifetime payout if the market takes a hit. In addition, the rider allows you to access your cash value if you need it, which you cannot do with a traditio...
Annuities are the only vehicle to guarantee a lifetime income stream. An annuity also offers more than just being an ongoing income source. Overall benefits include: Retirement confidence with income stream for life Protection secured by financial strength and claims-paying ability of insurance carrier...