Some of the top rated Insurance Companies offering annuities today now offer the availability of Income Riders capable of doubling your retirement dollars in just eight years.
Sound too good to be true? It probably does sound too good to be true, but the fact of the matter is it is true.
The riders are usually known as Lifetime Income Benefit Riders.
These riders can be added to a Fixed Indexed Annuity for a small annual cost of approximately 0.
45% of your Contract Value.
If the product offers a bonus on your transferred or deposited funds of 10%, and many of these annuities will offer a bonus, then the Lifetime Income Benefit Rider known as LIBR will guarantee 8% compounding of your dollars each and every year until you decide to take a stream of income from your annuity.
For example, you deposit $100,000 to a fixed indexed annuity and receive a 10% Bonus of $10,000 after eight short years you will have a minimum of $203,000 in your annuity.
The reason I stress a minimum of $203,000 is due to the fact that you also get to choose from an interest rate and indexing strategies such as Standard & Poors or NASDAQ.
So, with al this said, if the interest rate and indexing strategies happen to exceed the 8% compounding, you will have available the larger of the two pools of money.
Can you take all of the money and walk away? No, of course you can't.
These annuities are for retirement purposes and not designed to pull money out at will for vacations etc.
Usually, these annuities have a free withdrawal provision available.
In many cases you can take up to 10% of the funds you deposited after the first twelve months without any insurance company surrender penalty.
This does give you access to some of your money in the case of a real emergency.
However, you should be very sure that the funds you transfer or deposit to these accounts are there strictly for retirement purposes.
These are indeed tough economic times but it is reassuring to know that there are programs like I have just described, that can really assist you in growing a retirement fund for your future.
Remember, these income riders coupled with a good bonus annuity are capable of providing you with lifetime income.
For more information on these types of annuities please visit FindMeAPlan.
com.
Sound too good to be true? It probably does sound too good to be true, but the fact of the matter is it is true.
The riders are usually known as Lifetime Income Benefit Riders.
These riders can be added to a Fixed Indexed Annuity for a small annual cost of approximately 0.
45% of your Contract Value.
If the product offers a bonus on your transferred or deposited funds of 10%, and many of these annuities will offer a bonus, then the Lifetime Income Benefit Rider known as LIBR will guarantee 8% compounding of your dollars each and every year until you decide to take a stream of income from your annuity.
For example, you deposit $100,000 to a fixed indexed annuity and receive a 10% Bonus of $10,000 after eight short years you will have a minimum of $203,000 in your annuity.
The reason I stress a minimum of $203,000 is due to the fact that you also get to choose from an interest rate and indexing strategies such as Standard & Poors or NASDAQ.
So, with al this said, if the interest rate and indexing strategies happen to exceed the 8% compounding, you will have available the larger of the two pools of money.
Can you take all of the money and walk away? No, of course you can't.
These annuities are for retirement purposes and not designed to pull money out at will for vacations etc.
Usually, these annuities have a free withdrawal provision available.
In many cases you can take up to 10% of the funds you deposited after the first twelve months without any insurance company surrender penalty.
This does give you access to some of your money in the case of a real emergency.
However, you should be very sure that the funds you transfer or deposit to these accounts are there strictly for retirement purposes.
These are indeed tough economic times but it is reassuring to know that there are programs like I have just described, that can really assist you in growing a retirement fund for your future.
Remember, these income riders coupled with a good bonus annuity are capable of providing you with lifetime income.
For more information on these types of annuities please visit FindMeAPlan.
com.
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