Ensure My Money Will Last
We all want to know how to make our money last, especially with longer lifespans and rising costs.
So, how do you ensure your savings stretch far enough?
It starts with a plan for consistent income, covering essential expenses, and staying ahead of inflation.
Here are some tips to help you feel more confident about your financial future:
- Securing consistent income for life
- Covering core expenses for you and your spouse
- Offsetting the impact of inflation
Securing Consistent Income for Life
What do many Americans say is their biggest fear in retirement?
Running out of money.
You need a reliable income stream that lasts as long as you do. That’s where annuities come in.
Designed to provide periodic payments for life, annuities can give you the confidence that your income won’t run dry.
And with options like our Guaranteed Living Benefit Rider, you can start receiving steady income as early as 30 days after contract issue—or wait for a larger payout.
The choice is yours.
No matter which option you choose, you’ll have a predictable, guaranteed income stream you can count on.
Covering Core Expenses for You and Your Spouse
Essential expenses don’t go away when you retire. Housing, food, healthcare—they’re non-negotiable.
Guaranteed income from an annuity can help cover these essential expenses, month after month, so you’re never left wondering if you’ll have enough.
But what about your spouse?
Selecting a joint life payout with our Guaranteed Living Benefit Rider enables you and your spouse to have income for as long as you both live. And unlike some riders, those payments are not reduced when one spouse passes away.
So, no income gaps. Just greater assurance that you and your spouse’s basic needs will be met.
Offsetting the Impact of Inflation
Inflation gradually reduces what your money can buy, making it harder to keep up with the rising expenses over time.
Since early 2020, prices have surged by 21.4%. What once cost $1,000 now requires about $1,214, with the extra expenses adding up to $2,568 over the course of a year.1
For those on fixed income, these rising costs are typically felt the most.
When prices climb but your income stays the same, everyday expenses can become increasingly difficult to manage.
That’s why it’s essential to have a strategy the helps your income keep pace with inflation.
Our fixed indexed annuity features an increasing income option that ensures your payments grow by 3% each year. This helps to preserve your purchasing power as the cost of living rises. It’s a proactive way to maintain your lifestyle in retirement.
And if you want to extend this protection to your spouse, you can, giving you both the freedom to focus on enjoying life, not stressing about expenses.
Discover how to help make your money last—even in the face of economic uncertainty.
Explore how Guaranty Income Life annuities can help you achieve your retirement goals.
