How Personalized Should an Annuity Selection Process Be

This presentation explains the key considerations when evaluating annuity products for retirement planning. The speaker introduces the concept of 'live on money' versus 'leave on money' - distinguishing between funds needed for lifetime income versus funds intended as a legacy. For live on money, the focus is on creating guaranteed lifetime income that protects against longevity risk, with features like inflation protection and long-term care benefits. The importance of time horizons is emphasized, whether planning 5-10 years ahead or needing immediate income supplementation. For leave on money, the discussion covers legacy planning strategies that maximize what can be passed to beneficiaries through enhanced products with bonuses and tax-efficient transfer options. The speaker positions their certified advisors as having access to solutions that address both immediate income needs and long-term wealth transfer goals.

Video Transcript
Well, are many reasons and issues that people are looking at when it comes to an annuity play. I like to start with, is this money live on money or is it leave on money? When it comes to your live on money, this is the most important thing. Some people will tell you they don't need income, but everybody needs income. How long they need income is unknown, so longevity is the key here. You need to have a vehicle and a solution that will pay you for the rest of your life. So there's never one day in your life or one year of your life that you go without income. There's ways to protect against inflation, help for rising costs, the need for long term care, and there's even the ability to pass on what you don't use in form of a legacy. So live on can mean a lot of different things for a lot of different people. Time horizons are key. Are we five to ten years out before you need this income? Are you needing income immediately to supplement other social security or other retirement vehicles that you have? All of this is taken into consideration when creating proper solutions for your retirement plan. I want to talk about leave on money. It means a lot of different things to a lot of different people. A lot of people worry about materialistic things, but when it comes to your money and your hard earned dollars you spent your entire life building, it's important to leave on as much as you possibly can. Many of the solutions we work with and our financial professionals, our certified advisors, many of those products and solutions they work with have enhancements, bonuses, increased opportunities for returns that can be passed on in a lump sum or over a period of time to help lessen the burden of the taxes on your loved ones.