The past few years have been some unusual times in America. Many people saw a significant portion of their retirement savings vanish during the economic crash of 2008/2009. Unfortunately, instead of replenishing their savings, many opted to leave their money out, leaving them with inadequate savings and now searching for a safety net as they approach retirement. Some believe that Social Security is their sole safety net. However, what was meant to supplement retirees’ incomes has become their primary source of support. This overreliance on Social Security was never the intention. Consider these recent statistics: A 2014 Retirement Confidence Survey found that 36% of respondents had less than $1,000 saved for retirement or other needs. Shocking, isn't it? Even worse, in 2009, only 20% had managed to save that amount. It's not just a bad situation; it's worsening rapidly. So, what can be done? The solution is quite simple:
If you're reading this, chances are you have clients with more than $1,000 saved, but they may still lack the retirement income they hope for. If they're nearing retirement, they won't have the luxury of taking risks. It's time to prioritize stability. Consider proposing Fixed Index Annuities with living benefits to your clients. Unlike annuitization, these products allow clients to receive lifetime income without relinquishing control of their assets. They can adjust payments as needed, and their account can continue to grow. These annuities provide peace of mind, ensuring that retirees will never outlive their savings. And they can opt for payouts either as a Single Life Income or a Joint Life Income if they have a spouse. These products also offer chronic illness, terminal illness, and confinement waivers, addressing common retirement fears. Despite their simplicity, indexed annuities with living benefits are often overlooked. But they could be the key to securing your clients' retirement safety net. Think it over, and then reach out to us at 1-877-844-0900 for a clear and straightforward illustration of how you can protect your clients quickly, easily, and affordably! |
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