Sponsored by New York Life
Variable Annuities with earnings riders (like Assured Lifetime Withdrawal Profit riders, or GLWBs) are widespread options that advisors use to assist shoppers plan for retirement earnings. The bottom product permits their cash to maintain working for them as we speak (shifting with the market), whereas the rider ensures an earnings quantity beginning at retirement (securing the long run). However why accomplish that many individuals keep away from “turning on” these earnings withdrawal riders? A 2015 research discovered that solely 27% of all GLWB shoppers had carried out in order that yr (and fewer than half of parents age 85+ bothered to take earnings).
New York Life’s newest whitepaper—Are your shoppers getting the expansion alternative and safety they want?—delves into this phenomena and explores a brand new retirement resolution which will higher fulfill your shoppers’ want for progress AND safety.
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