Here, a deferred fixed income annuity
is used to protect against the risk of not knowing how long the client will live (i.
SAN FRANCISCO -- As the first wave of Baby Boomers enters retirement this year, and the need for retirement income solutions becomes increasingly important, Charles Schwab today announced an expansion of its Single Premium Immediate Annuity (SPIA) offer, a fixed income annuity platform that provides choice and flexibility for people seeking ongoing sources of guaranteed income in retirement.
These additions to our existing SPIA platform further diversify our fixed income annuity offering and are consistent with Schwab's overall open architecture approach that enables investors to choose the products that make the most sense for their specific situation.
Account A, which had no fixed income annuity component and was made up of U.
3% of the account (all from the bond portion of the investment portfolio) was used to purchase a life-only fixed income annuity, had a liquid value of $667,688, almost 7 times the original deposit, at the end of the 27-year period.
Select Retirement, an individual, supplemental, immediate fixed income annuity
, is issued by Nationwide Life Insurance Company, Columbus, Ohio, a member of Nationwide Financial.
Variable annuities with floor payments have been around for some time, prompting the relatively new fixed income annuity
with a floor and an equity index account kicker as a way to offset the effects of inflation.
The Nationwide Portfolio Innovator, an individual, supplemental, immediate fixed income annuity
contract, is an income guarantee product issued by Nationwide Life Insurance Company.
While company matches in DC plans typically focus on company stock or investments pre-determined by plan participants, SponsorMatch provides access to a unique investment vehicle that combines a target date fund with institutional investment strategies managed by BGI and the addition of a deferred fixed income annuity
element - provided by MetLife - designed to turn a component of the employer match of a 401(k) plan into a future stream of guaranteed income1.
ELM's product development process, involving product review of 13 major insurance companies, found that the insulated separate account feature is rarely seen in individual fixed income annuity
contracts, although common in group contracts.
Higher targets for income or bequests generally also suggest larger allocations to variable annuities with GMWB features or to traditional SWP's -- both of which offer possible equity appreciation that fixed income annuity
products do not.
These were developed in conjunction with two major insurance companies, Principal Life Insurance Company, a member of the Principal Financial Group[R] for the fixed income annuity
, and Nationwide Life Insurance Company, a member of Nationwide Financial[R], for the indexed annuity.