Quiz logo

Take the Quiz

Four questions can change how you and your partner plan for retirement income.

Question 1 – An annuity is a contract with an insurance company.

Correct!

A key benefit of owning an annuity is that an insurance company is legally bound to provide you with guaranteed payments to help you meet your needs during retirement. Some annuities offer spousal protection that allow annuity payments to continue for a surviving spouse.

Sorry, that's not correct.

A key benefit of owning an annuity is that an insurance company is legally bound to provide you with guaranteed payments to help you meet your needs during retirement. Some annuities offer spousal protection that allow annuity payments to continue for a surviving spouse.

Question 2 – Some annuities can protect your future income from market losses

Correct!

Deferred variable annuities allow you to invest your money in investment portfolios that are affected by the ups and downs of the market. You are still guaranteed to receive income, but the amount of your income can be negativeley affected by poor market performance. To help protect your retirement, many variable annuities let you add guarantees (for an additional fee) that protect your income amount from negative market performance.

 

Fixed indexed annuities offer you a level of protection for your money against loss with the opportunity for it to grow based on the performance of a specific market index, or combination of indices. There is typically an upper limit on the amount of potential interest credited in a given period, as well as a “floor” that offers downside protection.

Think again!

Deferred variable annuities allow you to invest your money in investment portfolios that are affected by the ups and downs of the market. And to help protect your retirement, many variable annuities let you add guarantees (for an additional fee) that protect your income amount from negative market performance.

Fixed indexed annuities offer you a level of protection for your money against loss with the opportunity for it to grow based on the performance of a specific market index, or combination of indices. There is typically an upper limit on the amount of potential interest credited in a given period, as well as a “floor” that offers downside protection.

Question 3 – There are many easy ways to create guaranteed lifetime income.

Correct!

Annuities are unique in their ability to create guaranteed lifetime income.


Life spans are increasing,* and you and your partner could be facing a retirement that lasts 30 years or more. It might be time to think about how long your money may last. Talk with a financial professional about considering guaranteed lifetime income from an annuity for your retirement planning.


*Society of Actuaries RP-2014 Mortality Table projected with Mortality Improvement Scale MP-2014, 2016

Think again!

Annuities are unique in their ability to create guaranteed lifetime income. Life spans are increasing,* and you and your partner could be facing a retirement that lasts 30 years or more. It might be time to think about how long your money may last. Talk with a financial professional about considering guaranteed lifetime income from an annuity for your retirement planning.

*Society of Actuaries RP-2014 Mortality Table projected with Mortality Improvement Scale MP-2014, 2016

Question 4 – Annuities can help you budget better in retirement.

Correct!

In fact, better budgeting has been identified by annuity owners as the number one benefit of owning an annuity.* With a reliable source of protected lifetime income in retirement, you’ll know exactly how much money you’ll receive each month from your annuity. In turn, this can help you create and stick to a budget.
*Greenwald & Associates and CANNEX, 2018 Guaranteed Lifetime Income Study

Thank you for testing your annuities knowledge!

Think again!

In fact, better budgeting has been identified by annuity owners as the number one benefit of owning an annuity.* With a reliable source of protected lifetime income in retirement, you’ll know exactly how much money you’ll receive each month from your annuity. In turn, this can help you create and stick to a budget.

*Greenwald & Associates and CANNEX, 2018 Guaranteed Lifetime Income Study

Thank you for testing your annuities knowledge!