Will my client outlive his money after retirement? Will he have enough income to support his family? How long will his retirement last? These are all concerns advisors have for their baby boomer clients who are worried about their income at retirement. So how can we determine the best solution? Annuities can be the answer.
Although there are some drawbacks, single premium immediate annuities (SPIAs) and variable annuities (VAs) can help solve some of your client’s concerns about outliving their income. Depending on the choice of option, SPIAs can offer income throughout the life of a boomer, as well as provide a lump sum for unforeseen emergencies. The new VAs can also guarantee income withdrawals throughout a boomer’s lifetime. Both types of annuities can help ease the minds of your clients.
How do you promote annuities to your clients?
