Platinum Provider is a single premium deferred annuity that was specially designed for people who are worried about outliving their income in retirement.
It’s a single premium deferred annuity that locks in predictable, guaranteed lifetime income starting at a future date.
In essence, it can be described as ‘longevity insurance’ and can help provide you with peace of mind knowing that you can lock in retirement income today that will provide a future income stream for the rest of your life.
Research the best pension annuity rates, and estimate your retirement income.
About Americo Annuities
Why Would I Need An Annuity Like This?
Simply put, people are now living longer than ever in retirement, and guaranteed income during these years is becoming less and less common. Let’s take a closer look at a few of the issues retirees are facing today.
Living Longer in Retirement – How long will I live?
Research shows that people are living longer than ever before. This is great news; however, this also means that more income will be needed for retirement years.
Rising Costs of Retirement – What can I expect?
Not only do you have to be concerned about making sure your savings will last throughout retirement, but you also have to take into consideration the effects of inflation on purchasing power and the rising costs of healthcare.
Platinum Provider Can Help Solve These Problems
Americo’s Platinum Provider allows you to guarantee a future stream of income. This specially designed annuity provides you with regular, predictable income payments that start at a future date that you select when you purchase your annuity. Best of all, the income payments are guaranteed for the rest of your life.
Benefits available for the rest of your life.
Income for the Rest of Your Life
Live out your retirement days without the fear of your money running out. With other retirement options, there is a chance that you may outlive your income. With Platinum Provider, you will receive payments as long as you live, in regular, predictable amounts.
Retirement Made Easy
With Platinum Provider, your income payments can start as early as two years after purchase or as late as age 85.
You also have the option to choose how often you want to receive your payments:
- annually,
- semiannually,
- quarterly,
- monthly, or
- semimonthly.
Best of all, you will know the income payment amount you will receive the day you purchase your annuity.
Income Payment Options
Choose one of four different income payment options that best suits you, your family, and your lifestyle.
Lifetime Income:
You will receive steady income payments for the rest of your life.
No death benefit is payable.
Lifetime Income with Death Benefit:
You will receive steady income payments for the rest of your life.
Upon your death, a death benefit equal to your initial premium payment, less all income payments received, will be paid to your named beneficiary.
Life Insurance is also an inexpensive way to leave a death benefit for beneficiaries, tax-free.
Joint and Survivor Lifetime Income:
You will receive steady income payments for the rest of your life and the life of the other annuitant.
If one annuitant passes away, the payment amount will remain the same.
No death benefit is payable.
Joint and Survivor Lifetime Income with Death Benefit:
You will receive steady income payments for the rest of your life and the life of the other annuitant.
If one annuitant passes away, the payment amount will remain the same.
No death benefit is payable.
Upon the death of the surviving annuitant, a death benefit equal to the initial premium payment, less all income payments received, will be paid to the named beneficiary.
Guard Against Market Volatility
Some retirement vehicles are subject to market volatility, which can make planning for your retirement riskier. With Platinum Provider, regardless of market conditions, your income payment will remain the same.
You will be able to budget your income and feel secure knowing you will have a regular stream of income no matter how the economy stands.
Cost of Living
If you choose the cost of living option, your payments will increase annually, which may help you to keep up with the cost of living increases. You have the option of choosing a 2, 3, 4, or 5% yearly increase.
Pension-Alternative
If you’re seeking a pension-like income in the future, but want more flexibility, check out an income rider. The income rider provides similar results with much more flexibility, access, growth potential, and control.
Request a longevity annuity quote to compare payout options.
