Turn retirement savings into retirement income
Products with built-in or optional income riders could be for you. These build a guaranteed lifetime withdrawal benefit (GLWB) value, or benefit base, that can be enhanced beyond your accumulation value. For some products, your GLWB value can grow by more than double the annual amount your accumulation value is credited. It’s important to note that GLWB value is not available as a lump sum, death benefit or as penalty free withdrawals.
Contact your financial professional to determine if this kind of annuity is right for you.
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The term financial professional is not intended to imply engagement in an advisory business in which compensation is not related to sales. Financial professionals that are insurance licensed will be paid a commission on the sale of an insurance product.