In an effort to help Americans build and protect their retirement savings, Life Company of the Southwest, a member company of National Life Group, has introduced a series of single premium deferred annuities and Guaranteed Lifetime Income Riders. According to a recent press release, the new products are called the Financially Independent for Tomorrow (FIT) series.
“With Americans living longer in retirement, providing more innovative savings solutions is paramount,” state Scott Edblom, Vice President of Product Strategy at National Life Group.
The new FIT series offers lifetime income specifically designed to fit an individual’s savings timeline. Depending on whether clients are looking to get started with their savings or attempting to create a guaranteed income stream in retirement, the products provide options to meet the many unique needs of retirement savers. Data from a recent IALC Retirement Data Survey shows that one in four Americans is afraid of outliving their income. The Financially Independent Tomorrow series can provide these individuals with some much needed peace of mind.
Financial professionals wanting to learn more about these new SPDA products can contact the National Life Group Sales Desk at 800-906-3310, or visit their website at http://www.NationalLife.com.
National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT, Life Insurance Company of the Southwest, Addison TX and their affiliates. Life Insurance Company of the Southwest is not an authorized insurer in New York.
Written by Rachel Summit