More than half of retirees who opted to receive a lump-sum pension in 2003 have spent the entire amount. Show your clients how to generate retirement income and make their hard-earned savings last a lifetime with the new Symetra Customized Retirement Income ModelSM. Read more to find out how you can access our new, easy-to-use tools at no-cost.
Will it be cruising around the Mediterranean or staying near home and volunteering for the Red Cross? Golfing, yoga, or a cooking class? These are the easy questions facing the 76 million Americans entering retirement in the next 20 years. This group not only represents an estimated $15 trillion1 that will soon move from asset accumulation to income distribution, but an opportunity for you to help make their income last as long as their retirement.
These individuals have spent decades preparing for retirement. Now comes the hard part: turning a lifetime of saving into a stream of income they can’t outlive. For many, cracking the nest egg and determining how to make it last can often be an intimidating decision — but it doesn’t have to be.
The new Symetra Customized Retirement Income ModelSM (CRI Model) is an asset-allocation strategy combining guaranteed income streams and long-term investments. It can help your clients make a smooth transition from collecting paychecks to generating a pension-like income stream.
More than half of retirees who opted to receive a lump-sum pension in 2003 have spent the entire amount2 — and they’ve also jeopardized the likelihood of a regaining financial stability. The CRI Model helps retirees cover necessary expenses and maintain their lifestyles.
We provide you with a complete marketing package: online access to client presentations, brochures, an online illustration calculator and needs analysis worksheet. And because the CRI Model is provided by Symetra, there is no charge to access these tools.
Our model is based on the same fundamentals of The Income for Life ModelTM (IFLM) you may currently be using. Like IFLM, the CRI Model divides your clients’ retirement savings into six segments, each intended to provide five years of income. As your clients progress through retirement, each succeeding segment is intended to be converted to a new five-year income stream.
We’ve simplified the first two segments of of the model with one product — the Symetra Income Builder Annuity. Symetra Income Builder provides 10 years of steady, reliable income with a cost-of-living increase in the sixth payout year to help your clients combat inflation.
We also understand your clients may have concerns about locking up assets in an income annuity. That’s why we’ve added a partial commutation endorsement, “Advance Access,” to all newly issued Advantage Income and Income Builder contracts. Now, your clients can request up to 30 percent of the present value of their total future payments ($5,000 minimum) every 36 months at no additional cost.3,4 This benefit means a lot to clients who face unexpected expenses in retirement.
With Retirement Income Solutions from Symetra, it’s easy to equip yourself with the tools, knowledge and products your clients are seeking.
Visit us online to learn more about Symetra Customized Retirement Income Model and our other retirement income distribution products and tools, or contact the Sales Center at invest@symetra.com or 1-800-706-0700.
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