Social Security Leg
While you’re employed, you pay into Social Security through taxes; you receive benefits later on, when it’s your turn to retire.
Company pensions or annuities (like ours!). These have fixed returns, which means the money you earn is stable and secure – and not reliant on market performance.
Mutual funds and investments like a 401(k) or IRA. These are variable because your returns are based on market performance – which can go up (yay!) or down (nay!).
55% of Americans are at risk of not being able to cover essential living expenses in retirement1
A 65-year-old couple retiring today will spend, on average, a total of $260,000 out of pocket on healthcare.2
Average life expectancy to pass 83 years old by 20303
83% of annuity owners report buying the annuity to ensure against outliving their life expectancy.4
87% of annuity owners believe they've done a very good job at preparing for retirement, and most believe their funds to be sufficient4
$50 Per Month
You pay a monthly contribution until you retire. (As little as $50 per month.)
Your money goes to us for safekeeping and earns 3% interest every year (plus dividends), compounded annually.
When you retire, we send you a monthly paycheck for the rest of your life!
The money you contribute to your Guaranteed Retirement Plan buys you income to prepare for your future expenses, and unlike a savings account, you can’t run out of money. If you die before retirement age, all your contributions will be paid to your beneficiary.
Has at least $1000 in emergency savings
Between the ages of 30-45 years old
Contributes to a 401k or IRA
Concerned about outliving retirement money
Wants a risk-free option to supplement retirement plan
Mike is 30 years old and plans to retire when he’s 65. He currently contributes to a 401k but wanted to round-out his retirement plan with a fixed annuity, so he contributes $150 per month to our Guaranteed Retirement Plan and will stop contributing at age 64.
In retirement, Mike will receive a “paycheck” of:
- $1,034 per month ($12,408 per year)
- With dividends, this could reach: $1,294 per month ($15,536 per year)
He plans to use that money to cover basic living expenses, and use his 401k and Social Security for the fun stuff!