We’ve done the research for you. People are living longer than ever nowadays! Who’s complaining about that? It’s common now for folks to spend thirty years or more in retirement. But this poses challenges to retirement planning – how do you guarantee that you don’t outlive your assets? When you hear the term “longevity annuity” it’s really referring to two types of annuities designed to provide guaranteed income for life: deferred income annuities (DIAs), and fixed-indexed annuities (FIAs) with lifetime income riders. The table below offers what we believe to be among the most competitive longevity products. Call Annuity FYI to speak about your specific needs – 1- 866-223-2121

Company & Name of Annuity Why We Feature This Product To Order a Free Information Kit

Secure Income Fixed Indexed Annuity

We like this annuity because it offers an optional Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider that guarantees income for life and allows the annuity holder to know the guaranteed minimum income they will have under the Rider. In addition, if the annuitant should pass away prior to receiving the annuity payments, a named beneficiary will receive 100% of the annuity’s account value (minus any applicable premium tax). If the annuity holder becomes unable to perform 2 of 6 basic activities of daily living two years after purchasing the annuity, they can double the income they receive under the Guaranteed Lifetime Withdrawal Benefit Rider for up to five years.


Longevity Income Guarantee

We like this deferred income longevity annuity because it offers two versions that cater to two types of investors: one for those seeking flexibility, and one for those seeking maximum income. The Flexible Access version allows you to choose your payout start date, permits significant flexibility in withdrawals, and offers death benefits. The Maximum Income version offers higher payouts, but they do not start until age 85 and are set, and there is no death benefit.


Defined Income Variable Annuity

This is a deferred income longevity variable annuity that offers a 5.5% annually compounded growth rate for every year that you defer taking income. The withdrawal rate is determined by the age at which you purchase the annuity, not when you begin taking income. While the payout rate of this product will be lower than some of the other deferred income annuities we feature, it allows for more liquidity (there is a 7-year surrender period). ME&A fees apply: they total 1.90%.


Guaranteed Future Income

We like this deferred income longevity annuity because it allows you to adjust your payment start date if your retirement plans change. You can also elect the Payment Acceleration option, where the insurance company will pay you the next six months� payments at once, three times over the life of the contract (most annuities only let this occur once, if at all). Lastly, there is an optional feature that allows policyholders to increase income payments by 1-3% annually, which can help protect against inflation.


Future Income Achiever

We feature this annuity because it offers several different payment increase options, including the option to have your payments automatically increase or decrease along with the Consumer Price Index. Two times during the life of the contract, you can select the Advance Payment Option, where the insurance company will pay you the next six month’s payments at once. Lastly, we like that this annuity has several different death benefit options to help protect your money for your heirs.


Freedom Income

We like this annuity because it has optional inflation-protection features that allow investors to have their payments increase by as much as 6.5% to protect against inflation (most deferred income annuities only offer around 3%). Additionally, this annuity has several death benefit options to help protect your money for your heirs.


Secure Feature Income

We feature this annuity because it has a unique Payment Increase Option. Guardian uses a unique structure whereby your initial payments are lower, but grow each year (1-5% depending on which you select). Additionally, this product offers several different payout options, like most deferred income annuities, which can help protect the initial investment.


Great Americas Life Safe Outlook

This FIA provides 4 riders to choose from, including a death benefit and a guaranteed lifetime withdrawal benefit rider, as well as the option to increase payout percentages via a 10% rollup credit and have charges refunded at death, if the benefit period has not yet begun. It has a relatively short 6-year surrender period.

Fidelity & Guaranty Life

Fidelity & Guaranty Life Prosperity Elite 14 Protection

This FIA offers a 1-year S&P 500 monthly average with a cap. It also offers the option for a guaranteed minimum death benefit rider that is determined to be the greater of the account value, the minimum guaranteed surrender value, and the initial premium plus the premium bonus growing at 5% simple interest up to 10 years or age 85. In addition, a vesting bonus of 5% of all premium received in the first contract year is offered. This annuity also offers a guaranteed lifetime withdrawal benefit rider.


Annexus (Aviva Life) Balance Choice Annuity 12 with 7.00% Bonus

This FIA offers several different index options, as well as a death benefit rider and a guaranteed lifetime withdrawal benefit rider. It also offers an increased income base bonus of 7%. Any type of fee or charge will not result in the annuity holder receiving back less than the amount of premium that was put in (and any applicable premium bonus), minus any withdrawals, as long as the contract is not surrendered during the withdrawal charge period and no excess withdrawals are taken.


Financial Bonus Advantage

In addition to a 1-year monthly average, this FIA offers a death benefit along with a guaranteed lifetime withdrawal benefit rider. The optional Income Benefit allows the annuitant to receive a 5% bonus on the initial premium received, as well as 5% annual growth. Income payments can be temporarily boosted if the annuitant waits a full 10 years or more to begin income payments. In addition, with the Enhanced Death Benefit, designated beneficiaries can receive equal monthly payments over a 5-year period of time.


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