Lifetime Income: What is It and How Does it Work?

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Lifetime Income Calculator

What is Lifetime Income?

Lifetime income ensures a consistent stream of income throughout your retirement years. This financial strategy helps you maintain your standard of living without the stress of depleting your savings. Sources of lifetime income include Social Security, pensions, and annuities. Each of these has unique features and benefits:

Social Security

Social Security provides government-backed, inflation-adjusted payments. While reliable, the amount you receive is fixed and based on your earnings history and the age you start claiming benefits.


Pensions are employer-sponsored plans that offer fixed payouts. They provide a reliable income source but depend on the employer’s financial health.


Annuities are financial products that convert your savings into a steady income stream. They are customizable and can be tailored to provide lifetime income, offering peace of mind.

Why is Lifetime Income Important?

Lifetime income is crucial for ensuring financial stability during retirement. It covers your living expenses, healthcare costs, and other necessities, allowing you to enjoy your retirement without financial worries. By securing lifetime income, you can avoid the risk of outliving your savings and maintain a comfortable lifestyle.

How We Can Help

At The Annuity Expert, we understand that planning for retirement can be overwhelming. The core problem many face is the fear of running out of money during retirement. This fear can cause stress and anxiety, impacting your quality of life. Symptoms of this problem include constant worry about finances, delaying retirement, and feeling unprepared for the future.

We have been helping clients navigate retirement planning for 15 years, providing expert advice as an insurance agency, annuity broker, and retirement planner. Our mission is to find the best solutions at the lowest costs, ensuring you get the most value from your retirement savings.

We believe in providing personalized advice tailored to your unique situation. We stand for transparency, integrity, and commitment to your financial well-being. Our goal is to help you secure a lifetime income that allows you to retire comfortably and confidently.

Lifetime Income

What We Recommend

  • Step 1: Initial Consultation
    • Schedule a free consultation with us.
    • Discuss your financial goals, current savings, and retirement plans.
    • Main Benefit: Understand your financial situation clearly and identify the best strategies to achieve your retirement goals.
  • Step 2: Customized Plan Development
    • Create a customized retirement plan tailored to your needs.
    • Include recommendations for Social Security, pensions, and annuities.
    • Main Benefit: Have a comprehensive, personalized plan that maximizes your lifetime income and provides financial security.
  • Step 3: Implementation and Ongoing Support
    • Help you implement the plan and provide ongoing support.
    • Ensure the plan remains effective and adapt as needed.
    • Main Benefit: A secure and stable retirement with a steady income stream allows you to enjoy your retirement years without financial stress.

Features and Benefits

  • Personalized Retirement Plans: Tailored strategies that fit your unique needs.
  • Expert Advice: Professional guidance from experienced advisors.
  • Comprehensive Solutions: A holistic approach to securing lifetime income.
  • Ongoing Support: Continuous assistance to adapt your plan as needed.

Addressing Common Objections

  • Complexity: We simplify the process and explain everything in clear terms.
  • Cost: Our goal is to find cost-effective solutions that maximize your benefits.
  • Trust: With 15 years of experience, we have a proven track record of helping clients achieve their retirement goals.

Failing to plan for lifetime income can result in financial insecurity and stress during retirement. By working with us, you will achieve financial stability, peace of mind, and the ability to enjoy your retirement years.

Take the next step towards a secure retirement. Contact us today for free advice or a free quote.

Learn How To Achieve Income To Cover The Rest Of Your Life

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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