Description
Clients expect their financial professional to build and manage their assets to support their specific “Four L” needs during retirement: lifestyle income, liquidity, longevity protection, and legacy assets to transfer wealth. Traditional investment-only approaches and rule of thumb income distribution methodologies such as the 4% rule may not be the most effective or efficient strategies to achieve their income goals and manage risks. However, using a variable annuity with a guaranteed lifetime withdrawal benefit increases the probability of achieving their lifetime income goals while managing risks because of the insurance features the annuity contract provides. This one-hour continuing education course provides fact-based evidence to support the value a variable annuity with a guaranteed lifetime withdrawal benefit can have when used for retirement income.
Learning Objectives
By the end of this course the attendee will understand:
• Why using an investment-only approach and systematic withdrawals during retirement decreases the probability of achieving a lifetime income goal
• How incorporating a variable annuity with a guaranteed lifetime withdrawal benefit helps add a level certainty and increases the probability of achieving an income goal
• Why a variable annuity with guaranteed lifetime withdrawal benefit helps manage longevity risk, income risk due to market fluctuations and spending shocks.
• Ways to leverage the annuity’s protection features