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Morris & Pursley Financial Plans
Insurance and Financial Advisors
Lifetime income planning
An income rider on a fixed or fixed indexed annuity allows a retiree to build a secure retirement income.
The issuing insurance carrier guarantees the payout provided by the income rider for the life of the annuity owner, as well as bearing all of the investment and longevity risk on the guaranteed payout -- which means that the consumer is completely protected from these risks.
Some annuity carriers even provide for the income to substantially increase in case the annuity owner is confined to a nursing home, further sheltering the annuity owner from risk.
In addition, the annuity owner retains access to the annuity's remaining value and continues to reap the benefits of interest credits to the annuity's value.
To learn more please CONTACT US today and indicate Lifetime Income Planning as your area of interest.