People are living longer these days and looking to retire earlier. Therefore, today people are looking to fund a much longer retirement phase of life. With respect to life expectancy, the Social Security Administration states, “Americans turning 65 now are expected to live to age 85, and one in three 65-year-olds will live past age 90”. Most Americans also want to continue the level of lifestyle in retirement that they enjoyed while working of course. This presents some concerns such as, “how do I make sure that I don’t run out of money?”, or “How much should I take out of my retirement account each year?”.

Because of these concerns and the innovation of the products, Annuities, and more specifically Fixed Indexed Annuities, have become increasingly popular sources for income in retirement. Benefits like principal protection, growth potential, and lifetime income have become more appealing to retirees who are searching for safe havens for retirement assets. In fact, in 2018 78% of American’s said their top retirement goal was Lifetime Income, 76% said Income Stability, and 71% said Principal Protection (IALC, Retirement Readiness 2018). All these objectives are features of the Fixed Indexed Annuity, specifically those with Lifetime Income components. 

At Pinnacle Financial Services, we have all the annuity resources you need. We assist our agents with everything from start to finish with their annuity business. From contracting, leads, marketing, quoting, illustrations, case design, and business processing, our team is here to help. Let us help you increase your annuity business this June. Please contact us today to learn more about the Annuity products we offer, and how they might benefit your clients!