We all dream of retiring comfortably, with peace of mind that our living expenses will be paid each month so we can enjoy doing the things we love. We will show you investment options that will provide you with a guaranteed monthly income stream, backed by reputable companies that are unaffected by stock market changes.
A well-designed retirement income plan should also provide you with money that will last for your entire lifetime, and help you keep your desired standard of living throughout those years. How long might that be? For a healthy 65 year-old couple, there is a 67% chance that at least one will live to almost age 90 and a 38% chance that the other will live to age 95. Income sources guaranteed for life can help ensure your money lasts for your entire lifetime.
A Single Premium Immediate Annuity (SPIA) allows you to deposit money with an insurance company in return for a paycheck amounting to 6–10% of that deposit per year depending on your age. The older you are, the higher the income you will receive.
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