ANNUITIES

Annuities are legal contracts made with insurance companies. They can provide retirement income based on savings contributions and accrued interest earnings. Also, annuities offer annuitized payments for life. Furthermore, some will even match your contributions. For example, the Allianz 222 Annuity. Contribution matching could add 20% or more! Thus, annuities can provide a very good option for retirement income.

LIFE INSURANCE

Life Insurance can provide peace of mind to your loved ones. Also, there is a type of life insurance that can indirectly provide retirement income payments to you. For example, the Allianz Life Pro+ Advantage Life. Additionally, with careful planning, income payments could last for life. Finally, the payments can be taken without paying taxes! So this type of life insurance can provide a very good option for retirement income.

HEALTH RIDERS

Many Annuities and Life Insurance policies allow options, called Riders. Some are financial in nature. But, some relate to health. For example, an Annuity or Life Insurance policy may provide a Rider for Long Term Care or Terminal Illness situations. Although Long Term Care protection could be addressed with standalone health insurance, using an LTC Rider with an income product can provide a very good option for some people.

Allianz 222 Annuity product.

Highlighted: Allianz 222 Annuity

Like all Fixed Index Annuities (FIAs), the Allianz 222 Annuity offers principal protection from market downturns. Also, it offers potential interest (based on chosen allocation options), tax deferral, and a death benefit.

Additionally, the Allianz 222 Annuity goes even further:

  • Firstly, you get 2 ways to get a bonus. Allianz 222 Annuity credits the Protected Income Value with a 20% premium bonus in contract year one. Also, the Protected Income Value receives an interest bonus equal to 50% of any interest earned from the chosen allocations.
  • Secondly, you get 2 ways to get income increases. You get increases to your income withdrawals based on earned interest and the 50% interest bonus. Also, you can double your withdrawals if confined to an eligible hospital, nursing facility, or assisted-living facility.
  • Lastly, you get 2 ways to get a death benefit. Your beneficiaries can get full accumulation value as a lump sum. Alternatively, they can get full Protected Income Value as annuity payments for at least five years.
Allianz Life Pro+ Advantage product.

Highlighted: Allianz Life Pro+ Advantage

The Allianz Life Pro+ Advantage Indexed Universal Life (IUL) is good for:

  • Protecting what’s important through providing your beneficiaries with a death benefit that’s generally income-tax-free.
  • Adapting coverage for future needs with additional term coverage.
  • Building resources for the future with the opportunity to accumulate cash value tax-deferred. Also, there is an interest bonus (available on certain index allocation options) to help increase accumulation.
  • Providing options to help meet future financial needs with the ability to access available cash value when you want for what you want.
  • Planning for if you become chronically or terminally ill.
  • Offering an Index Lock feature to provide ability to capture indexed interest rate. Also, this can help protect against a zero interest credit.

Available Insurance Companies

The above highlighted Allianz products are examples of feature-rich annuities and life insurance. As a result, they are flexible to meet general purpose needs. However, there are other less costly products available that have less features. Consequently, these other products could be better at meeting the specific needs of a client. So at SET, we take the time to understand our client's needs. Consequently, we can recommend an income product best suited to meet those needs.

In the southwest region of the United States that SET services, the following insurance companies are available (some variances may exist between the specific states of the region):

ANNUITIES

AIG (MSG)

American Equity

American National

Athene

Annexus Athene (IA)

Baltimore Life

Delaware Life

Fidelity and Guaranty Life

Global Atlantic

Global Atlantic - Elite

Great American

Legacy Marketing Group

Life of the Southwest

Mutual of Omaha

National Western

Nationwide - Annexus

North American

Pacific Life

Security Benefit

Transamerica - Annexus

LIFE INSURANCE

AIG

Ameritas

Life of the Southwest

Lincoln National

Minnesota Life

Mutual of Omaha

National Guardian Life

Nationwide Life

New York Life

North American

One America

Protective Life

Symetra Life

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