Living Benefit Riders

Creating Your Personal Pension-Type Income

If you currently lack a pension or seek an additional source of pension-like income, a fixed annuity with an income for life rider could be an ideal solution. It is essential to clarify that while annuities are not pensions, they share similarities in their capacity to provide a lifetime income. Certain fixed annuities offer a guaranteed withdrawal benefit, allowing you to secure a specific withdrawal amount throughout your lifetime, that of your spouse, or for both.

These annuities can be financed with funds from a Roth IRA, traditional IRA, or non-IRA sources. You may contribute through direct transfers, IRA rollovers, or a lump sum investment. Additionally, these annuities can facilitate immediate lifetime income or be held for a period of deferral to ensure guaranteed growth, ultimately resulting in a larger payout in the future.

Discover how an annuity could serve your financial needs.

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Alternatively, you may reach us at 901-754-2040.

*Please note that purchasing an annuity within a retirement plan that provides tax deferral under specific sections of the Internal Revenue Code results in no added tax benefit. An annuity should be utilized to fund a qualified plan based on its features beyond tax deferral. It is essential to consider all features, risks, limitations, and costs associated with an annuity before making a purchase within a tax-qualified retirement plan.

Review our Professional Disclaimer for further information.