Low-cost, no-load, fee-based variable annuities on the RetireOne platform include investment-only variable annuities (IOVAs), variable annuities with lifetime income benefits, and index-linked annuities (sometimes called ‘buffer annuities’ or ‘structured annuities’). Listed below are the IOVAs and VAs with lifetime income benefits. These riders are also called guaranteed lifetime withdrawal benefits, or “GLWB.”
VAs with lifetime income benefits are typically employed to create income streams. RIAs and fee-based advisors favor IOVAs as pure accumulation vehicles—for rescuing clients’ old, pricey, traditional VAs.
|wdt_ID||Insurance Company||Product||Solution Type||Return of Premium Death Benefit||Investment Options/Crediting Methods||Fund Families||Fixed Account Availability||Ultra Low-Cost Funds||Surrender Penalty||Lifetime Income Benefit||Penalty Free Withdrawals||Systematic Withdrawals||Dollar-Cost Averaging|
|wdt_ID||Insurance Company||Product||Solution Type||M&E Charge/Product Fee||Admin Charge||Return of Premium Death Benefit Fee||Annual Contract Maintenance or Subscription Fee†||Portfolio Expense Range (a)||Average Portfolio Expense (a)||Surrender Charge Schedule||Penalty Free %|
|wdt_ID||Insurance Company||Product||Solution Type||Availability||Minimum Initial Investment||Maximum Issue Age||Max Total Contributions w/o Approval|
|wdt_ID||Insurance Company||Product||Solution Type||New York Prospectus||Benefits/Optional Rider Info||Optional Rider 2||Optional Rider 3||Prospectus||Client Brochure||Learn More||Investment Options||Approved ETFs/Mutual Funds + Models||Performance||Rates||Tool|
by Wade Pfau, Ph.D.,
Learn how the impact of sequence risk on sustainable retirement spending can be mitigated in a straightforward way by creating a risk wrapper for the investment portfolio through a contingent deferred annuity.