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Guaranteed Lifetime Income: The Participant’s Point-of-View
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Interest in guaranteed lifetime income is growing, but plan participants want more than just a reliable stream of monthly income. Flexibility, accessibility, and other personalized features are paramount to helping participants achieve outcomes aligned with their unique priorities.
We sit down with Michael De Feo, Head of Defined Contribution Distribution at Allianz Life Insurance Company of North America (Allianz) to discuss how guaranteed lifetime income solutions, such as in-plan annuities, can help increase the likelihood of positive participant outcomes
Fixed index annuities are designed to meet long-term needs for retirement income. They provide tax-deferred accumulation potential, guarantees against the loss of principal and credited interest, and the reassurance of a death benefit for beneficiaries. The hypothetical example cited is using the Portfolio Impact Report engine Developed by Allianz Investment Management U.S. LLC (AIM US) which demonstrates the probability of achieving retirement goals by using model hypothetical portfolios and 20,000 Monte Carlo simulations Allianz Investment Management U.S LLC is a wholly owned subsidiary of Allianz Life Insurance Company of North America and provides hedging services and investment management services to the broader Allianz Group. Increasing income potential is provided through a built-in rider at no additional fee. Allianz Lifetime Income+® Annuity with the Lifetime Income Benefit is issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. (C64712-MVA) This content does not apply in the state of New York Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. ● Not FDIC insured ● May lose value ● No bank or credit union guarantee ● Not a deposit ● Not insured by any federal government agency or NCUA/NCUSIF
Fixed index annuities are designed to meet long-term needs for retirement income. They provide tax-deferred accumulation potential, guarantees against the loss of principal and credited interest, and the reassurance of a death benefit for beneficiaries. The hypothetical example cited is using the Portfolio Impact Report engine Developed by Allianz Investment Management U.S. LLC (AIM US) which demonstrates the probability of achieving retirement goals by using model hypothetical portfolios and 20,000 Monte Carlo simulations Allianz Investment Management U.S LLC is a wholly owned subsidiary of Allianz Life Insurance Company of North America and provides hedging services and investment management services to the broader Allianz Group. Increasing income potential is provided through a built-in rider at no additional fee. Allianz Lifetime Income+® Annuity with the Lifetime Income Benefit is issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. (C64712-MVA) This content does not apply in the state of New York Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. ● Not FDIC insured ● May lose value ● No bank or credit union guarantee ● Not a deposit ● Not insured by any federal government agency or NCUA/NCUSIF
