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Deferred Income Annuities
Saturday, 25 January 2020 17:35

For centuries, an Income Annuity was a product that produced a guaranteed income that started within the year. Now one can purchase income that starts many years in the future for pennies on the dollar. We call that a Deferred Income Annuity. Do you want to know more?

A Deferred Income Annuity (DIA) can provide you with the financial security of a guaranteed income that can begin 2 to 40 years in the future, regardless of what happens with the stock and bond markets.

Do you have a need for any of the following:

  • Stability of guaranteed, reliable income payments that can last a lifetime
  • A product that acts as a personal pension plan
  • Ability to defer income payments until much later in life

Then a Deferred Income Annuity might be worthy of your consideration.

Additional Features

  • Income Advance - If you need some cash immediately, some future payments can be advanced to you today
  • Annual Increase - You can have your payments increase to offset the impact of inflation
  • Income Start Date Change - You can adjust when your income starts
  • Additional Premiums - You can contribute more to your plan before your income starts
  • QLAC Eligible - You can use a DIA to fund a Qualified Longevity Annuity Contract

Payout Options

  • Single Lifetime Only
  • Single Lifetime Income with Cash Refund
  • Single Lifetime Income with Installment Refund (not available for QLAC)
  • Single Lifetime Income with Period Certain (not available for QLAC)
  • Joint Lifetime Income Only
  • Joint Lifetime Income with Cash Refund
  • Joint Lifetime Income with Installment Refund (not available for QLAC)
  • Joint Lifetime Income with Period Certain (not available for QLAC)

Death Benefit

Varies based on payout option selected

Would you like to know more? Do you want a proposal? We can help! Call today (800) 680-5596 or complete the form below.

 

Brent D. Gardner, CLU, ChFC