Offset Future Tax Uncertainty

As more potential changes in the tax code arise, no one can predict what one will face when they retire. Since many retirement assets generate a tax bill, taxes can undermine your clients' plans and leave them with less than they expect. Fortunately, in addition to a typically federal income tax-free death benefit, life insurance can help. If a policy accumulates enough cash value, taking a one-time loan or withdrawal from it can supplement retirement income. 

Life insurance with cash value growth potential can be a valuable tool for taking control of taxes in retirement by harnessing the power of its tax benefits! Help your clients understand how their assets will be taxed in retirement, and the importance of tax diversification. 

This interactive Tax Challenge Tool from Prudential Financial can help them keep more of their hard-earned money by managing how their retirement assets are taxed. Share this client-approved experience to see how client’s portfolio’s stack up.

This information is provided for educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment or tax advice and is not a recommendation about managing or investing retirement savings.

Who Buys Annuities and Why Should They?

As the industry promotes annuity awareness, June is the perfect time for you to talk to your clients and prospects about annuities as a long-term investment that delivers guaranteed income they can count on.

Who buys annuities?*

  • The average age (at first purchase) is 51
  • Gender is 50/50 (females at 51%) 
  • The median household income is $64,000
  • 59% of annuity owners are married

Many people underestimate how long they will live which puts a strain on personal savings and increases the likelihood of outliving personal assets. Retirees are living longer, healthier, and more active lives than generations before. Add the decreasing reliability of government and employer programs to provide sufficient income, and you have a retirement income gap that continues to grow for many Americans. 

According to recent research, 40% of investors say that they are very interested in income products like annuities. Fixed annuities are a good fit for many consumers and a valuable addition to retirement planning because they offer safety, growth potential, tax advantages and lifetime income.

Saving for retirement is important, but it’s only half the battle. It’s important to talk to your clients about annuities as a strategy to help them maintain their standard of living in retirement. 

 

 *From the Gallup 2013 Survey of Owners of Individual Annuity Contracts this is the demographic make-up of an annuity owner

Take Advantage of June

Annuities are popular with investors who want to create guaranteed retirement income to last them the rest of their lives. Tell your clients what makes annuities different: 

• Guaranteed retirement income means you can’t outlive your money.
• Earnings on your savings can grow tax-deferred until payout.
• Flexible payout options can provide you income when you need it.
• Death benefit options help create a legacy for your beneficiaries.

Get Annuity Quotes Here
Get Annuity Resources Here