Lifetime Income

Lifetime Income - Lifetime Income Annuity provides a 100% guarantee that your retirement income will last as long as you live, no matter how long that is and no matter how the financial markets perform.

In addition to the 100% guarantee, the Lifetime Income Annuity typically offers higher payout rates than would be possible with periodic withdrawals. For example, if you are a 65-year old male and are planning on spending down your nest egg, you could withdraw approximately 4% a year if you wanted your portfolio to last around 30 years—and there's only about a 90% probability that your nest egg will last that long. While payout rates vary based on age, gender, interest rates, and other factors, the Lifetime Income Annuity typically offers a 5% to 6% payout rate based on payments that include an annual 3% inflation adjustment—a payout rate that is 25%–50% higher than the 4% you would receive spending down your nest egg.