Alternative 1
Use Of
Deferred Annuity |
Alternative 2
Use Of Indexed Annuity |
Alternative 3
GRIP Retirement Program |
 | Cost of providing a male
65 years old today with the $2,000 income monthly is currently
$335,529.65. |
 | Using the current deferred annuity guaranteed
interest rate of 4.30%. |
 | Would require $220,235.75 to be
deposited in the deferred annuity today. |
|
 | Cost of providing a male
65 years old today with the $2,000 income monthly is currently
$335,529.65. |
 | Using indexed annuity history modeling for
the past 10 years. |
 | Would require a deposit of
$180,855.00 to be deposited in the indexed annuity today. |
|
 | The GRIP Guaranteed Retirement Deferred Income Program guarantees
this $2,000 monthly income to start at age 65 |
 | Would require $183,995.00 to be
deposited in the deferred start immediate annuity today. |
 | 100% Guaranteed Today! |
|
Positives:
 | Full liquidity at the end of 10
years. |
|
Positives:
 | $3,000 less to fund and could do even better! |
|
Positives:
 | Guarantees future income needs today
with no chance of change. |
 | Very competitive rate |
 | Peace of mind. |
|
Negative:
 | Can be guaranteed for $36,240.75 less today. |
 | Mortality may increase. |
 | Why take a chance? |
|
Negative:
 |
Guaranteed end value is only $209,890.00 can leave you very short! |
 | Mortality may increase |
|
Negative:
 |
None we see. |
|