Guaranteed Income That Can’t be Outlived or Reduced by Market Downturns*
Enjoy income when it's needed most, during retirement with a guaranteed lifetime withdrawal benefit . . .
Crown Atlantic, one of the nation's leading insurance and annuity providers, knows that millions of Americans like you are struggling to find guaranteed retirement income.
With many CD rates running at 1% or less, many blue-chip stocks offering a measly dividend of 2%, and government bonds returning about the same or less — how will you generate the income you need to live in retirement?
That is a question millions of Americans like you are asking.
And it's a reason many are choosing to diversify their investment and insurance plans to include an annuity.
You should consider the protection of an annuity with an income rider that can guarantee* you a respectable interest rate as your income base accumulates!
You are probably one of many Americans who saved and planned for their retirement.
But how could you have imagined that interest rates would fall so low?
If you are earning on average 1% at the bank — with inflation at almost 3% and taxes taken out of your income to boot — you are actually losing the real value of your money.
Adding to the problem are the gaps in Medicare that have caused the average couple to amass $220,000i in extra medical costs during retirement.
Perhaps the biggest challenge facing retirees is the very fact that so many are living longer than they ever expected. While living longer is great news, it is also requiring thousands to adjust for this unplanned longevity — stretching out their retirement savings for an extra 10, 15, and 20 years.ii
In order to come up with the extra money, many retirees are making risky choices.
Many choose to put their hard-earned money at risk in the stock market when they can least afford to do so — just as it reaches its all-time highs.
And remember, over the long term the market simply has not demonstrated the type of returns you need to retire.
For example, beginning in 2001 the S&P 500 was 1320 and at the beginning of 2013 it was 1426, which means over this 12 year period the S&P rose by an average of less than 1% per year!iii
Unfortunately, this difficult financial period we are living through may cause many Americans to live out their biggest fear — they WILL run out of money.iv
Here at Crown Atlantic, an insurance agency licensed in all 50 states and the District of Columbia, our mission has been to offer sound choices for those seeking to maximize their income from their retirement savings.
We believe we have found a better way for you to have confidence in your retirement income strategy.
We offer a contract that protects your principal, guarantees you income for life*, and simultaneously avoids the gamble of putting your money at risk in the stock market.
No, you will not have to do a reverse mortgage or downsize your living standards.
You see, a new generation of annuity contracts could help you guarantee your income for the rest of your life, while at the same time allow you to see some benefit from a rising stock market.
Many of these annuity contracts can be offered with income riders that provide a guaranteed Rollup Rate, so when you are ready to receive income during or at the end of the Rollup Period it will provide you with a guaranteed income stream that you cannot outlive.
These contracts are gaining major traction right now.
In fact, the Wall Street Journal reported that a record-breaking $33.9 billion went into these special contracts.v
These contracts are called "fixed indexed annuities."
These insurance company contracts allow you to accumulate savings tax deferred, add stability to your finances by crediting additional interest when a market index, like the S&P 500, is successful.**
In addition, your principal (and interest earned in previous years) is protected from losses when the market doesn't do well.
There's a rich history of annuity contracts being used to help people generate stable income streams.
Annuities date back to ancient Rome, and even played a role in American history when our founding fathers used annuity contracts to help establish stable income for our country's soldiers.
Learn more about this valuable contract used by a wide range of people from Ben Franklin to Ben Stein and understand why they put their money in annuities.
Discover how you can put the power of annuity contracts to work for you.
The reality is that getting 30% more income from your dollars is possible, but there are a number of factors that a professional must know about you in order to give you a road map to 30% more income in retirement. After a personal assessment, a qualified professional can recommend a strategy and specific products that can help you maximize income from your retirement savings. Surprisingly, the difference in income generated by the same annuity purchase payment can differ by as much as 30% or more solely by the product(s) and rider(s) you select!
Crown Atlantic can help you find retirement solutions that guarantee and protect your income and minimize your market risk.
Crown Atlantic has a nationwide network of independent insurance professionals who can help you plan your retirement.
And, if you like, you can meet with a Crown Atlantic professional and put together a plan to ensure you'll never run out of money!
More Info on the Guaranteed Lifetime Withdrawal Benefit
Annuity products offered with a Guaranteed Lifetime Withdrawal Benefit (GLWB) rider allow you to receive a lifetime of income from your annuity. They offer the protection of an attractive income from these contractual guarantees on your Income Base.
In fact your Income Base can be credited with a guaranteed Rollup Rate so when you are ready to receive income during or at the end of the Rollup Period it will provide you with a guaranteed income stream that you cannot outlive. The Income Base is not available to take as a lump sum, as it's intended to provide you with a life-long distribution of retirement income. The Income Base should not be confused with the annuity contract's Account Value, as the Account Value is used when calculating a surrender value, an annuitization or death benefit. An Income Base is always a value related to a distribution of funds over time. The amount of lifetime income you can take will depend on your particular GLWB rider's permitted Withdrawal Percentages.
If you have no plans to withdraw money from your annuity contract, the GLWB rider may not be suitable for you since there is an annual cost for the rider.
The reassurance and protection a GLWB rider provides is what attracts many to purchasing an annuity in the first place.
Remember, not all annuities are same — as we reveal in our Annuity Primer special report and likewise, a GLWB rider should be carefully selected for your retirement income strategy.
Get your copy today and a Crown Atlantic representative can help you understand how a GLWB rider can provide guaranteed growth with income for life.
Annuities are long-term insurance contracts designed for retirement. As a result there may be fees or penalties for early withdrawals, including surrender charges and if taken prior to age 59 1/2, may be subject to a 10% federal additional tax.
*Annuity guarantees are backed by the financial strength and claims paying ability of the issuing insurance company, they are not insured by the FDIC.
**A fixed indexed annuity is not a registered security or stock market investment and does not directly participate in any stock or equity investments, or index. The applicable index is a factor that in part determines the interest to be credited.
i. http://www.today.com/money/retired-couples will neeed-220-000-medical-expenses-1C9932694
iv. http://www.aarp.org/work/retirement-planning/info-06-2010/running_out_of_money_worse_ than_death.html