Rising Costs in a Fixed Income Retirement? This May Be a Solution.
The average cost of a single meal out today is $13.1 But 30 years from now, it could be $402 – without a tip. When the time comes, will your clients be able to pay the bill with their fixed income?
Show them how they can use a portion of their portfolio to build a source of protected lifetime income that may increase even after their income payments starts.3,4,5,6 Access your step-by-step playbook below to get started.
1 https://www.moneyunder30.com/the-true-cost-of-eating-in-restaurants-and-how-to-save
2 Calculation based on 3.82% inflation, which was the average rate between 1970 and 2021 – https://www.in2013dollars.com/inflation-rate-in-1970#:~:text=The%20inflation%20rate%20in%201970,CPI%20in%201970%20was%2038.80.
3 Based on the Income Multiplier Benefit, one of two Withdrawal Base growth options to choose from at issue. An additional growth option, the Guaranteed Income Builder Benefit, is also available.
4 Credits are made to the Withdrawal Base which is not available for cash surrender or as a death benefit.
5 Withdrawal Base increases are a multiple of the dollar amount of interest credits to your account value in a given year. Prior to activating the benefit, a Deferral Bonus will not be credited in years where a withdrawal occurs. After activation, a bonus will not be credited in years where withdrawals exceed the Lifetime Annual Payment (LAP). No bonus will be credited after the Income Phase Bonus Period. The Income Phase Bonus Period is the period during which LAP withdrawals continue to be deducted from the contract value.
6 For contracts issued prior to age 50, the Deferral Bonus and Withdrawal Base increases will not apply until the first contract anniversary following attainment of age 50 and the benefit fees will not be assessed until the first contract anniversary following attainment of age 50. Upon the contract anniversary following the attainment of age 50, the first Deferral Bonus will be applied and rider fees will be assessed. The Withdrawal Base and Deferral Bonus Base will initialize at the contract value on the contract anniversary prior to 50th birthday. For Joint owned contracts, the youngest owner’s age is used.