Annuities

The Trusted Choice Guaranteed Income Program

The Trusted Choice Guaranteed Income Program allows agents to offer clients a happy and worry-free retirement. 10,000 Baby Boomers are retiring every day. Clients are getting older, they’re downsizing their home and cars, and their need for home and auto insurance protection is decreasing. But there’s a new risk these clients are facing – and it’s a risk they may not have thought about: Longevity Risk. How long will they live in retirement? What if they live too long and run out of money? How much money should they spend in retirement?

Longevity Risk is one of the biggest risks facing retirees and soon-to-be retirees. Running out of money in retirement can be devastating for retirees and their children. Trusted Choice Agents are uniquely positioned to help clients navigate and insure against this risk.

Lifetime Income Annuities

The Trusted Choice Guaranteed Income Program gives agents a simple way to offer Lifetime Income Annuities to their clients. What is a Lifetime Income Annuity? A Lifetime Income Annuity is simply a Guaranteed Paycheck for LIFE. Many clients probably already have a lifetime income annuity – their monthly Social Security check. Social Security is a guaranteed paycheck for life. Lifetime income annuities protect again longevity risk by giving clients a predictable stream of income they cannot outlive.

A Lifetime Income Annuity is a contract with an insurance company that allows clients to convert a portion of their retirement savings (an amount they choose) into a predictable lifetime income stream. In return for this lump-sum investment, the insurance company guarantees to pay clients (or client and spouse) immediately a set amount of income for life.

A Deferred Income Annuity also allows clients to convert part of their retirement savings into guaranteed lifetime income, but at a predetermined date in the future. In the meantime, the invested amount earns interest, tax-deferred, resulting in a higher monthly income later. Deferred income annuities can be customized for specific life situations and concerns.

Clients can use their retirement accounts (IRA, 401k, etc.) or personal investments to fund an income annuity. Clients using retirement funds can transfer the money tax-free to a lifetime income annuity at any age.

Clients also still have control over their money. The annuity can be structured to give them optional withdrawals of their invested amount and a death benefit that’s paid to beneficiaries in case of early death.

Partner Carriers

Trusted Choice has partnered with two highly respected and highly rated A+ carriers to offer lifetime income annuities: Nationwide and Principal Financial.

More Information

We developed the Trusted Choice Guaranteed Income Program to give agents an simple, turn-key program to start helping their clients address this longevity risk. We walk you through the appointment process, provide training and education, and access to an easy-to-use online portal to submit applications electronically. Agents receive a 3% commission of the total premium invested as soon as the annuity contract is issued – no underwriting, no waiting periods. Fill out the form below to learn more or to get started offering your clients retirement peace of mind.

Contact Us

The Trusted Choice and Independent Insurance Agents and Brokers of America national headquarters is located in historic Alexandria, VA, just minutes from downtown Washington, D.C.

Address: 127 S. Peyton St. Alexandria, VA 22314

Program Contact: Robert Holt, CLU, ChFC, CASL

Phone: 844-617-2485

email: guaranteedincome@iiaba.net