So, why should your employees consider choosing a fixed indexed annuity within their plans?
With more growth potential than a traditional fixed annuity, downside protection and the option to select guaranteed lifetime stream of income during retirement, the moderation of risk and potential reward can make fixed indexed annuities a key component of a balanced financial plan.1
Our fixed indexed annuities help to boost retirement savings through an interest crediting process that is based, in part, on the change in index, without direct participation in the stock market. This “indexing” approach can offer greater accumulation potential than fixed annuities or other fixed-interest products that typically have limited upside opportunities.
Where income is the greater concern, our Guaranteed Lifetime Income Rider (GLIR) can turn retirement savings into guaranteed income for life.2
Contact your local Financial Professional or a National Life Group Relationship Manager to meet with your employees or present to a group!
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1. A Fixed Indexed Annuity (FIA) is usually a fixed annuity whose interest is determined, at least in part, by the performance of a specified index of the market. Unlike traditional fixed annuities, the policy owner may receive zero interest for a single period on a specific premium payment if the index performs poorly. However, with most designs, the premiums are protected and guaranteed to grow over time, and the owner of a fixed indexed annuity may experience better interest crediting than a traditional fixed annuity during periods when the market performs well. Indexed annuities do not directly participate in any stock or equity investments. An investment cannot be made directly into an index. Most FIAs permit owners to participate in only a stated percentage of an increase in an index, and also impose a “cap rate” that represents the maximum annual account value percentage increase allowed to contract owners. Because they are meant for long-term accumulation, most annuities have surrender charges that are assessed during the early years of the contract if the contract owner surrenders the annuity. In addition, withdrawals prior to age 59 1/2 may be subject to a 10% Federal Tax Penalty. The guarantees of annuity contracts are contingent on the claims-paying ability of the issuing insurance company. All withdrawals made from annuities with pre-tax contributions are taxed as ordinary income. All withdrawals from an annuity purchased with non-qualified monies are taxable as ordinary income only to the extent there is a gain in the policy. This is not a solicitation of any specific annuity contract. The S&P Composite Index of 500 stocks (S&P 500) is a group of unmanaged securities widely regarded by investors to be representative of large-company stocks in general. An investment cannot be made directly into an index.
2. The Guaranteed Lifetime Income Rider (GLIR), as represented in form series 20712(0320) or form series 20835(0123), or state variations thereof, is a rider that may be available on select fixed indexed annuity policies issued by Life Insurance Company of the Southwest. Electing this rider is optional, incurs an additional cost, and rider charges continue to be deducted regardless of whether interest is credited. The GLIR may not be available on all products or in all states. Guaranteed Withdrawal Payments reduce the policy’s accumulated value, but you will continue to receive these payments during your lifetime even if your accumulation value declines to zero. Guarantees are dependent on the claims paying ability of the issuing Company.
