Alternative 1
Use Of
Deferred Annuity |
Alternative 2
Use Of Indexed Annuity |
Alternative 3
GRIP Retirement Program |
- Cost of providing a male
65 years old today with the $2,000 income monthly is currently
$335,529.65.
- Using the current deferred annuity guaranteed
interest rate of 4.30%.
- Would require $220,235.75 to be
deposited in the deferred annuity today.
|
- Cost of providing a male
65 years old today with the $2,000 income monthly is currently
$335,529.65.
- Using indexed annuity history modeling for
the past 10 years.
- Would require a deposit of
$180,855.00 to be deposited in the indexed annuity today.
|
- The GRIP Guaranteed Retirement Deferred Income Program guarantees
this $2,000 monthly income to start at age 65
- Would require $183,995.00 to be
deposited in the deferred start immediate annuity today.
- 100% Guaranteed Today!
|
Positives:
- Full liquidity at the end of 10
years.
|
Positives:
- $3,000 less to fund and could do even better!
|
Positives:
- Guarantees future income needs today
with no chance of change.
- Very competitive rate
- Peace of mind.
|
Negative:
- Can be guaranteed for $36,240.75 less today.
- Mortality may increase.
- Why take a chance?
|
Negative:
-
Guaranteed end value is only $209,890.00 can leave you very short!
- Mortality may increase
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Negative:
|