Annuity Navigator

Many are facing what financial experts call the "retirement income gap" - the difference between guaranteed income sources (like Social Security) and your actual living expenses. You have an opportunity to convert a portion of your savings into guaranteed lifetime income that you cannot outlive. 

Longevity Protection
Annuities are the only financial product that can guarantee income for life, regardless of how long you live. If you live to 95 or beyond, your payments continue - eliminating the risk of outliving your savings.

Pension Alternative
Think of an annuity as creating your own personal pension. While most companies no longer offer traditional pensions, you can replicate that guaranteed monthly paycheck through an annuity contract with an insurance company.

Tax-Deferred Growth
Your non-qualified dollars can grow tax-deferred inside the annuity. You only pay taxes on the gains when you withdraw them, allowing your money to compound more efficiently than in a taxable account.

Triggering Events

• The rider activates when the annuitant cannot perform 2 or 3 of the 6 Activities of Daily Living (ADLs): bathing, dressing, eating, toileting, transferring, and continence
• Or when cognitive impairment is diagnosed (like dementia or Alzheimer's)
• Or when nursing home care or home health care is required

Benefits:

• Income Doubling/Enhancement: Most LTC riders provide 2x to 3x the normal income withdrawal amount when triggered
• Extended Payout: Enhanced payments typically continue for 5 years or until the account value is depleted
• No Medical Underwriting: Unlike standalone LTC insurance, these riders usually don't require extensive medical exams
• Asset Protection: The annuity continues to provide death benefits and standard income if LTC is never needed

Key Advantages Over Standalone LTC Insurance:

1. Guaranteed Use: If you never need LTC, the annuity still provides retirement income and death benefits to heirs
2. No "Use It or Lose It": Traditional LTC insurance premiums are lost if you never file a claim
3. Rate Stability: Annuity LTC riders don't have premium increases like traditional LTC policies
4. Simplified Underwriting: Generally easier to qualify for