Why Build a Lifetime Income Check Now

**Financial Insight: The Importance of Timing Your Annuity for Guaranteed Income Growth**

Delaying the initiation of your annuity with a minimum guaranteed growth rate for your income account value could lead to a reduced lifetime income check.

**Benefits of Establishing a Lifetime Income Check Now**

Numerous fixed indexed annuities provide a guaranteed growth rate for the income account value—terminology that may differ across companies—used to calculate future lifetime income benefits for you, your spouse, or both (refer to Guaranteed Growth & Lifetime Withdrawal Basics for details). If you are currently saving with the intent of eventually receiving a future income check from your retirement assets, choosing annuities with a guaranteed growth rate can significantly enhance your financial strategy, especially if you are a few years away from needing a lifetime income check. This approach removes uncertainty in income planning, as you won’t have to depend on speculative performance. Instead, you can trust the guaranteed growth of the income account value to ensure an income check that lasts a lifetime.

Moreover, even if you have reached retirement and have limited time to accumulate assets, starting an income check that you cannot outlive is still possible. There are effective strategies to diversify income sources and potentially create an income stream that grows over time, helping to address inflation.

**Reasons to Allocate Funds for Guaranteed Lifetime Income:**

1. **Supplementing Living Expenses in Retirement:** It is often prudent to enhance your Social Security and pension income with an additional retirement check that you cannot outlive.

2. **Planning for the Loss of Spousal Income:** When two spouses are receiving Social Security benefits, the surviving spouse will lose the smaller check when one partner passes away, which can lead to financial strain. A fixed indexed annuity with a guaranteed growth rate may be an excellent solution to replace lost income for the surviving spouse.

3. **Considering Future Long-Term Care Needs:** Long-term care insurance can be costly, and many individuals hesitate to invest in a benefit that may never be utilized. A fixed indexed annuity offering a lifetime income benefit could serve as a viable alternative to costly long-term care policies. Certain annuities may not require underwriting for this benefit and could even increase the lifetime income check by a significant percentage (such as 50% or 100%) if the owner requires confinement to a nursing home or assisted living facility.

By taking proactive steps now to integrate guaranteed lifetime income into your financial plan, you can better secure your future and address potential challenges with confidence.

Are you interested in discovering how an annuity with an income for life withdrawal benefit can support your retirement plans, serve as a substitute for Social Security income, or assist with long-term care expenses?

To explore your options, please click here for a complimentary, no-obligation financial review with a Future Benefits Agent.

Alternatively, you may reach us by calling 901-754-2040.

* Be sure to consult your agent and the company materials regarding each specific contract. **Please note that we do not represent or act on behalf of Social Security or any government entity. If you have a complex Social Security situation, we recommend consulting with an attorney.

For more information, please refer to our Professional Disclaimer.