An annuity can convert a portion of your assets into guaranteed lifetime income that you cannot outlive, subject to the terms of the contract and the issuing insurance company's claims-paying ability.
We focus on annuity options that provide guaranteed payouts for life while also considering how remaining value can pass to your beneficiaries if you die prematurely.
Depending on the payout option selected, an annuity may provide:
With the appropriate refund or guaranteed-period option, any contractually protected amount that has not yet been paid can pass to the designated beneficiaries. This is how we can structure the annuity so that your money is 100% protected under the selected contract terms, subject to the insurer's claims-paying ability.
Beneficiary and refund provisions generally reduce the income amount compared with a life-only payout. We show you the numbers so you can decide how much income and beneficiary protection you want.
We can also evaluate an immediate-payout annuity designed for the maximum available lifetime payment without adding beneficiary-refund riders.
We then compare that annuity with an extremely low-cost term life insurance policy for an appropriate amount and period. If you die while the term policy is active, your beneficiary receives the life insurance death benefit. This can allow the annuity to produce its maximum life-only payout while the separate term policy provides beneficiary protection.
We can calculate and compare:
The comparison can include:
Our goal is to find the structure that provides the strongest combination of lifetime income, protection and value for your individual situation.
Request a Lifetime-Income Analysis
Annuities are long-term insurance products and may contain surrender charges, withdrawal restrictions and tax consequences. Guarantees, including lifetime-income and refund provisions, are subject to the terms of the issued contract and the issuing insurer's claims-paying ability. Separate term life insurance requires underwriting, premiums must be maintained and coverage may end before death.