Types Of Income

GRIP RETIREMENT^SM, LLC

Types Of Income
A Guaranteed Retirement Income Program for pension and qualified rollovers.

GRIP Immediate Annuities have three basic product groups.
With the baby boomers starting to reach retirement age, a fresh look at the SPIA is timely. The SPIA comes in various forms. Following is a list of SPIA payout options available from most companies.

Single Life Guaranteed Income: This option provides a guaranteed income for one person's life. There are several types of single life immediate annuities to fit all types of income situations.
Joint Life Guaranteed Income: This option provides a guaranteed income on two lives for as long as either annuitant is alive. When either annuitant dies, payments continue to the survivor.
Period Certain Guaranteed Income: This option provides a guaranteed income for a specific time period. Specify 5 -50 years and the payment is guaranteed for that time period.

Additional Product Features Available

Money Back Guarantee

"If I die the insurance company keeps my money" This has been a concern of buyers of lifetime annuities. But our GRIP program solves this concern with the money back guarantee feature.

Income Inflation Protection

Two guaranteed ways to help offset future inflation - CPI and COLA. If you are concerned that the purchasing power of your fixed income payments will decline due to inflation, you might want to consider selecting the inflation protection options.

Deferred start income guarantees

Guarantee future income by deferring the start date. Pick a future retirement income amount and start date while guaranteeing the deposit amount today. See how a deposit made now using a Deferred Start Immediate Annuity guarantees a future income.

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Send mail to annuity@earthlink.net with questions or comments about this web site. Copyright © 2005 GRIP Retirement LLC Last modified: 04/08/08

Send mail to annuity@earthlink.net with questions or comments about this web site.
Copyright © 2005 GRIP Retirement LLC
Last modified: 04/08/08