Presented by Richard Mangiameli
Longevity credits are increasing, which simply means we are living longer. Mortality Tables for 2014 now read:
Males at 65 will live until 86.6 years old, and Women at 65 will live until 88.6 years old. According to LIMRAs recent report for the USA Today, “SPIA”– Single Premium Immediate Annuity sales have spiked 17% in 2014.
It is important to educate the baby boomers about Lifetime Income options and product choices. If they are looking for income at a later date, then they need to learn about Fixed Index Annuity with Lifetime Income riders. If they are looking to start income within the first twelve months, they need to learn about options with SPIAs.
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