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 A common sentiment among Boomertirement participants was that providing Baby Boomers with Life Income solutions requires a better understanding of variable annuity products on the market today.
The financial services industry has created a “guaranteed lifetime income” solution to the problem of outliving your money, reported Bobb Meckenstock, MBA, CLU – President, The Meckenstock Group/Main Street Securities, and 27-year MDRT member.
 He and co-presenter John Huggard, J.D., CPA – Alumni Distinguished Professor, North Carolina State University – educated Boomertirement attendees about the features and benefits of living benefit annuities, which provide:
- Access to potential stock market gains while protecting the investor’s principle
- A guaranteed 5 percent to 8 percent annual lifetime stream of income, based on age, with or without annuitization. This income can increase with a rising stock market but not decrease when the stock market declines
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Boomertirement Session: Guaranteed Income For Life — Solving the Longevity Problem for Boomers |
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