We’re proud to share what success means to industry experts who are creating Great Retirements with the help of products from Great American.
It’s simple. We’re specialists who focus on transparent and easy-to-understand annuity products designed with clients’ retirement needs in mind. With a heritage dating back to 1872, we have the financial strength and stability you and your clients can count on for years to come.
Annuities offer several key benefits that can make them powerful additions to retirement income plans. Here are three ways you can use annuities to enhance a portfolio:
1. Annuities as a source of predictable, guaranteed growth
If you’re looking for a way to increase the amount of guaranteed lifetime income in a portfolio, an annuity could be a great option. Allocating a portion of existing assets to an annuity can help supplement other sources of guaranteed income like social security benefits, which only account for about 40% of retirement income.1
2. Annuities as an option to protect market gains
As clients near retirement, it’s more likely that focus will shift from high-risk investments to protecting what they’ve accumulated. Assets that are allocated to an annuity receive complete or limited downside protection, reducing the impact a dramatic market downturn might have on a portfolio.
3. Annuities as alternatives to traditional fixed-income investments
Over the last 30 years, the interest rate yields on 10-Year U.S. Treasury Notes have trended down, hitting a historical low of 1.37% in 2016.2 Previously higher rates were providing decent returns in fixed income investments, but now clients may be seeking alternatives. Annuities can provide lifetime income after growing money at a fixed rate, or at rates linked to indexed strategies that provide exposure to market growth, which may help accumulate more assets for retirement.
1 Source: https://www.ssa.gov/pubs/EN-05-10024.pdf
2 Source: https://fred.stlouisfed.org
As a financial professional, you offer advice and insights to your clients every day. But where do you go to get tips to maximize your own success? This section is designed to provide you with practical tips and tricks to help you gain a competitive edge.
Did you know there is a 52% chance your next prospect will rule you out before even speaking with you? We conducted research and surveyed more than 600 successful advisors to discover how you can overcome the odds by building trust and credibility in three simple steps.
Create a professional bio sheet that includes your:
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Conversations should follow the acronym FORM.
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Identify your current target
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