Annuities
Get with the iN Crowd
Help Your Clients Meet Their Various Income Needs
Immediate annuities help your clients turn their retirement savings into a stream of income. By taking a lump sum, purchasing an annuity and immediately beginning to taking an amount that compliments their other income sources, you’ll help them meet various income needs.
They also offer:
- Income options that include a guaranteed payment for life or a specified period of time (guarantees subject to the claims-paying ability of the issuing insurance company)
- Their choice of payments — fixed payments, variable payments or a combination of both (payout options will vary by the product selected)
- Options that include death benefits and limited liquidity (withdrawals made before age 59-½ are generally subject to a 10 percent federal income tax penalty)
- Tax-deferred accumulation
Producers must be appropriately registered and licensed in the states in which they conduct business in order to offer the referenced products.
