Ensure That Your Clients are Saving Enough for Retirement, Especially with Unexpected Inflation
Compounded Risk Defense
Ensuring that your clients are saving enough for their desired lifestyle in retirement can be difficult, especially with unexpected inflation.
Help your clients defend their savings against fears of high inflation with a Palladium® Single Premium Immediate Annuity (SPIA) and a Cost‑Of‑Living Adjustment (COLA).
- A COLA is an additional option that can be added to most of the available income options at the time of application1
- Palladium® SPIA offers a 3% compounding COLA. This means that your client’s income payment will automatically increase by 3% each year, compounded annually.
- A COLA allows for SPIA income payments to increase annually alongside increasing costs of living as your clients age.
1) The COLA is not available on the Life with Cash Refund or Life with Installment Refund income options. Partial withdrawals, full surrender option, and commuted value are not available in MN, NE, NJ, OR, and WA. The interest rate used to determine the death benefit’s commuted value will vary by state. A commutation charge will also be assessed on partial withdrawals and full surrenders of a commuted value. All withdrawal and surrender amounts are determined as the present value of future Annuity Payments using our current SPIA pricing rate plus 0.50%.