While this group of investors may want to continue seeking long-term appreciation on some of their investments, preservation of principal and income replacement have become primary goals for at least a portion of the assets they have accumulated to date. As the average life expectancy of Americans continues to increase, income replacement is a growing concern amongst the retiring and retired population. An immediate annuity is a product that is well equipped to meet the needs of income replacement, as it is a guarantee that payments will continue for a selected period, which may include the annuitant’s lifetime, as well as that of a beneficiary.

The Income Solutions^® program offers individuals the opportunity to purchase institutionally priced annuities which, due to reduced cost and competitive quote process, generally results in higher monthly income payments than if you were to purchase a traditional retail annuity. This program was not designed for individuals that are still working to accumulate assets for retirement or whose investment goals and objectives are largely focused on long-term growth of capital. This program was designed for those individuals whose investment goals have transitioned from seeking mostly long-term growth of capital to an emphasis on supplementing or replacing income.