GLWB Now, Or Accumulate Then Choose A GLWB Or SPIA?

June 6, 2024 by Broker World

A question that I have from my agents occasionally is this, “Does my client do an income rider now, or do they buy an accumulation product now and then purchase an income product once they hit retirement?”

Let’s use an example to clarify this question. You have “Bill,” a 55-year-old that wants to retire in 10 years (age 65) and he has $100,000 that he is looking to tap into for retirement income at age 65. 

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Originally Posted at Broker World Mag on June 5, 2024 by Broker World.