June 3, 2022

Retirement Readiness and FIAs Go Hand in Hand

Here are 3 compelling reasons why.

This Annuity Awareness Month and beyond, use our marketing flier and Verity Asset Management White Paper to share with your clients the importance of having a diversified retirement plan by adding a FIA to their 403(b) or 457(b).

Check out these three reasons why your clients’ retirement plan should include an FIA. Then, share our consumer-facing article about FIAs from the Main Street Blog!

  1. There is more growth potential. With an FIA, clients are not directly participating in any stock or equity investments. Instead, interest is credited based in-part on the change of a market index, such as the S&P 500. This means your clients have greater interest crediting potential in an up market, but never lose value in a down market due to market declines.1
  2. It provides downside protection. With increased market volatility, it’s critical to ensure your client’s nest egg is protected when the market index is down. FIAs are structured so that if the index is down, they may not earn any interest, but your cash value won’t decline due to market conditions. This means they will never earn less than 0%.
  3. An FIA can guarantee your clients with a stream of income during retirement, supplementing their pension and helping to close their retirement income gap. According to the Insured Retirement Institute, 95% of consumers are very or somewhat interested in owning an annuity that provides a guaranteed income each month.2

1Assuming no withdrawals during the withdrawal charge period. Rider charges continue to be deducted regardless of whether interest is credited.
2Why Most Consumers Want Guaranteed Lifetime Income, Financial Advisor, Feb. 25, 2020

“Standard & Poor’s®”, “S&P®”, “S&P 500®”, and “Standard & Poor’s 500™” are trademarks of Standard & Poor’s and have been licensed for use by National Life Insurance Company and Life Insurance Company of the Southwest. This Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representations regarding the advisability of investing in the Product.