September 26, 2024
Why Get a Flexible Premium Indexed Annuity?
Now’s the time to talk to clients about why this may be a smart choice.
Your clients may be looking for a secure and flexible way to grow their retirement savings.
Now is a great time to tell your clients about our flexible premium indexed annuities that can be a great option for meeting those goals.
Here are some of the key benefits to talk to your clients about:
- Flexible premiums: Get started with premiums as low as $100 a month.
- Protection: Never lose a penny — money and earned interest are protected from market downturns.
- Upside potential: Grow savings based on the performance of a market index. May result in higher interest crediting than what’s offered by fixed annuities.
- Liquidity: Access up to 10% of the cash value, starting in year 2, without a withdrawal charge (if available by law).
- Tax deferral: Don’t pay taxes on earned interest until you make a withdrawal.
- Plan types: Available for many plan types, including 403(b), IRA, Roth IRA, and non-qualified plans.
Clients have the option of two great National Life flexible premium indexed annuities — which one should they choose?
Here are some of the differences:
Secure Growth
- Nine interest crediting strategies, including a declared rate account.
- Available for a wide age range (0-85).
- No fees (unless you opt for the rate booster.)
Select Income
- Income you can’t outlive, provided by Guaranteed Lifetime Income Rider (GLIR).
- Choice between a Max Bonus GLIR and a Split Bonus GLIR.
- Max Bonus GLIR: Activation bonus up to 200% — the longer you wait, the larger the bonus.
- Split Bonus GLIR: 5% immediate interest bonus on all deposits made in the first eight years. Activation bonus up to 170%.
Get double the income when it matters most: If your client becomes unable to perform two activities of daily living, they may be eligible to get double the income for up to 5 years (subject to restrictions).
