Giving Guaranteed Income A Raise

May 31, 2022 by Michael Yavorsky

The development and use of income riders on fixed index and variable deferred annuity contracts over the last number of years has been widespread. Many consumers are now reaching the age to “turn on the income faucet.” But are these the only income options available for clients with deferred annuities? They are not. A single premium immediate annuity is worth a look. SPIAs have seemingly been forgotten as a mechanism to generate guaranteed lifetime income for those with in-force annuities or other funds.

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Originally Posted at Broker World on May 1, 2022 by Michael Yavorsky.