With the growing popularity of lifetime income products on the market, the Guardian Insurance and Annuity Company has announced the debut of a new deferred income annuity solution.
The Guardian SecureFuture Income Annuity will generate lifetime payments for owners based on an initial premium payment of $5,000. The product, backed by the claims-paying ability of GIAC, can be set up to begin those payments at a predetermined future date chosen by the owner, within the rules of the annuity.
Owners will be able to make additional premium payments to increase their future lifetime income value up until 13 months before the income decumulation date, and can benefit from a variety of product features to meet both current and future income needs.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
