Using Annuities for Retirement Income

Overview

As baby boomers retire, many without traditional pensions, they must shift from accumulating savings to generating income. The key question is, “How can I make my money last?” This transition is challenging but essential, and annuities are designed to ensure retirees’ income lasts and supports a secure lifestyle.

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License or Certification 

 

Regulator 

 

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Objectives

  • Demonstrate an understanding of the purpose and application of annuities
  • Describe the basic types of annuity products
  • Explain the operation and function of fixed, indexed, and variable annuities
  • Articulate how an annuity's product features can support the need for income during retirement
  • Explain the basics of two annuity-based products specifically designed for retirement income: deferred income annuities and qualified longevity annuities
  • Demonstrate an understanding of how annuities are taxed

Designed For:

Life and health insurance producers and finance professionals




Course Information

Adding additional credit may change exam requirements.