May 5, 2025
Annuities With the Potential for Guaranteed Lifetime Income
Clients can choose between three National Life annuities with a GLIR.
A major worry for many clients is running out of money in their retirement years.
An income annuity with a Guaranteed Lifetime Income Rider (GLIR) gives your clients peace of mind that they can tap into an income stream guaranteed to last for the rest of their life.
Your clients can choose between three National Life income annuities with a GLIR:
Flex Select Income
Flexible premium Fixed Indexed Annuity
- Flexible premium: Start with as little as $100/month. Big wins start small!
- Choose a Max Bonus GLIR with an activation bonus up to 200% or a Split Bonus GLIR that provides a 5% premium bonus for all premium payments in the first 8 years.
- For clients who want flexibility to grow their retirement contributions without market risk, and who would like to get a predictable guaranteed lifetime income.
Income Driver
Single Premium FIA
- Minimum premium: $25,000 within 90 days of policy issue.
- Choose a Standard GLIR that credits an immediate 25% bonus to the Benefit Calculation Base or a No-Charge GLIR.
- Choice of a 7- or 10-year policy.
- For clients who want to grow their retirement contributions without market risk, and who would like a predictable guaranteed lifetime income.
Zenith Income
Single premium FIA
- Minimum premium: $25,000 within 90 days of policy issue.
- Choose a Max Bonus GLIR with an activation bonus up to 200% or a Split Bonus GLIR with an immediate 5% premium bonus.
- Choice of a 7- or 10-year policy.
- For clients who want to grow their retirement contributions without market risk, and who would like to maximize guaranteed lifetime income.
How is using a GLIR different from annuitizing?
Compared to an annuity that uses the traditional annuitizing method, a GLIR offers these benefits:
- Control: Clients can start and stop the income, and they can surrender their policy and get the cash surrender value.
- Death Benefit: When your client dies, any remaining cash value goes to their loved ones, not to an insurance company.
- Income Doubler: If clients become incapacitated, they can get double the income for up to 5 years.
Visit the Flexible Premium FIA eKit and the Single Premium FIA eKit for all the resources you need to sell income-focused or growth-focused fixed indexed annuities.