As clients transition into the income phase of retirement, matters of volatility, sequence of return risk and potentially outliving assets are major concerns.
Many clients can reduce these risks with guaranteed income they cannot outlive utilizing a flooring technique provided by annuities.
That is, guaranteeing a floor amount of income to handle their essential needs in retirement – and one of the strongest options on the market today is a proprietary contract offered through CPS.
Which pits this new contract against Delayed Income Annuities (DIAs) and Index Annuities with Income Rider.
Here we have a 60-year-old female client looking to guarantee 10k a year in retirement to start in 5 years at age 65:
Not only is the new contract less expensive than all the other options, it also boasts similar flexibility as the index annuity – guaranteeing income without annuitization.
Contact CPS for full details on how to get access to this new design.
Contact CPS today for complete details, commission levels and state availability.
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