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Pensions, 401k’s and other retirement benefits are no longer being offered on a regular basis by employers. It’s up to each individual to generate their own income during retirement. Learn how you can receive Guaranteed Lifetime Withdrawal Benefits (GLWB).

Fixed Indexed Annuities

A fixed indexed annuity is a tax-deferred, long-term savings technique that provides protection when the market is down and opportunity for growth when the market is performing well. Returns are based on the performance of a stock market index (e.g., Nasdaq, NYSE, S&P500).

There is little risk with fixed annuities because your money is never directly exposed to the stock market. Your premium and earnings are guaranteed over a time period that you choose.

Guaranteed Lifetime Withdrawal Benefits

A Guaranteed Lifetime Withdrawal Benefit (GLWB) is a rider to an annuity policy that allows withdrawals on the annuity during the accumulation phase without penalty. The amount of money allowed to be withdrawn is a percentage of the total value of the annuity.

Purchasing a GLWB can ensure you’ll have retirement income for the rest of your life. This rider will be a good fit for you if you want:

  • Guaranteed income while maintaining your assets
  • Withdrawals based on your life (or joint lives)
  • Start, stop, skip withdrawals anytime
  • Protection from market downturns