Guaranteed Retirement Annuity Income For Life
Get a regular income payment guaranteed.

76 million baby boomers born between 1946-1964 will need a retirement income!

With unprecedented longevity, how will boomers create a secure and comfortable retirement without the fear and risk of outliving their money?

There is only ONE way to GUARANTEE you will not outlive you money:

A Single Premium Immediate Annuity (SPIA) guarantees you will never outlive your income. The SPIA provides a regular, guaranteed income payments for life. The SPIA is the only product that guarantees you will never outlive your retirement income. Let FSD show you how to become an annuity income specialist.

Immediate annuities are usually purchased for the following reasons:

1. to provide a guaranteed retirement income that can not be outlived
2. RMD at age 70½, when IRS Required Minimum Distributions become necessary from IRAs and other qualified plans
3. to guarantee a regular and specific income need, such as the funding of life insurance, child support payment, divorce settlement payments or structuring business buy out sales.
4. supplement income from Social Security
5. provide financial income stability in the event of a long-term illness or nursing home stay

• The number one problem facing seniors today is the risk of outliving their money.  Several factors affect the situation including longer life spans, lower interest rates and the terrible fact that too many seniors have lost too much money over the last few years due to the drop in the stock market.  Many seniors still possess enough assets to insure a guaranteed lifetime income at levels which provide a decent standard of living – one which they can’t outlive.  The solution is of course, the lifetime annuity.  I am a huge advocate of the lifetime guarantee income immediate annuity..

The Single Premium Immediate Annuity (SPIA) is a contract issued by a life insurance company. The annuity is purchased with a single premium payment which guarantees to provide regular income payments to you and/or other persons. The SPIA is an immense product in that it guarantees you will never outlive your retirement savings, no matter how long you live. And in addition to the tax advantages and convenience of SPIA's, you can select the frequency and guarantee periods of your income payments from a variety of income plans:

Annuity and Tax Consequences

• Non-qualified or "after tax" monies used to purchase annuity income have something qualified plans do not. The Exclusion Ratio or amount of the annuity payment that is not subject to income tax since it is considered to be a return of not only interest but of original principal "cost basis". The cost basis is the original investment and is not subject to income tax when distributed from a Personal Income Annuity.
• The exclusion ratio is determined by the amounts of principal and interest being returned. An account with a large amount of credited interest will have a lower exclusion ratio than a mostly principal payout.
• For example, if a 60 year old male with $100,000 and a cost basis of $50,000 purchases an annuity income for life the payment would be $582 per month of which 29.6% would be tax free.
• If that same 60 year old had a cost basis of $100,000 the payment is still $582 per month however, the exclusion ratio would be 59.2%.

Guaranteed Lifetime Income Options

Life Annuity

• This option provides a guaranteed income for life. The income payments will cease upon death. You can elect to guard against the effects of inflation by annually increasing the payment you receive at a compound rate of 1% - 7%.

Installment Refund Annuity

• This option provides a guaranteed income for life. The total of the payments received will never be less than the total of the funds paid to purchase this option or the (principal). If you die before receiving at least that amount, your beneficiary will continue to receive payments until the full amount is repaid.

Cash Refund Annuity

• This option provides a guaranteed income for life. The total of the payments received will never be less than the total of the funds paid to purchase this option (principal). If you die before receiving at least that amount, your beneficiary will receive the difference in a Lump Sum.

 Life Annuity With Period Certain

• This option provides a guaranteed income for life plus if death occurs prior to the end of a specified period (5 to 50 years) the payments will be transferred to the beneficiary for the remainder of the period, ceasing at the end of the chosen period. You can guard against the effects of inflation by annually increasing the payment you receive at a compound rate of 1% to 7%.

Joint and Survivor Annuity

• This option provides a guaranteed income for as long as either joint annuitant is alive. When either annuitant dies, payments continue to the survivor and can be a partial percentage, such as  two-thirds, or a full 100% of the payments received when both were living. If you select the Joint and Survivor Annuity option, you may also add a Period Certain option of five to 30 years.

Joint and Contingent Survivor Annuity

• This option provides a guaranteed income for as long as you or your joint annuitant lives. If you die first, the joint annuitant will receive 50% of the payments you received while living. If the joint annuitant dies first, you will continue to receive 100% of the payments for as long as you live.

Period Certain Annuity (non-lifetime)

• This option provides a guaranteed income for a time period you specify (5, 10, 15 or 20 years). If you die prior to the end of this period, your beneficiary may continue to receive payments for the remainder of the period. You may also be eligible for the Nursing Home Waiver. If so, and if you become a nursing home resident for 30 days or more, you may receive a lump-sum payment equal to the present value of your remaining guaranteed payments.
  The nursing home waiver is not available in Massachusetts. These features are not available on any of the guaranteed lifetime income options at the left. Exercising these options may represent taxable events with or without additional tax penalties.

To learn more about Immediate Annuities call the experts
at FSD toll-free (800) 373-9697, 
Email us or
Immediate Annuity Quote Request Form

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