GRIP
RETIREMENT
SM, LLC
A
Guaranteed Retirement Income Program
for pension and qualified rollovers.
|
|
|
|
Administrators of 401K's and all qualified pension plans,
Over 78 million baby boomers are gearing up for retirement, they control over $16 trillion in retirement assets. 401(k) service providers are desiring to maintain the balances of these employees or risk losing on-going fees. Participants and retirees are seeking guaranteed income and protection of their assets for both their spouse and themselves. Pending tax legislation will increase the value added facet of annuity products by allowing exemptions for payments received by annuitants under “lifetime payout” policies. Immediate Annuities can serve the currently retired market, estimated to be in excess of $114 billion. GRIP- Guaranteed Retirement Income Program is the answer to help the employee as they retire and offer service providers a choice that contains revenue retention potential associated with lump sum distributions.
Market FactorsRetirees/Participants need help more than ever. Help in the form of understanding and recognizing that product choices and specialists are available to provide tailored solutions for their guaranteed income desires. The number one concern of seniors is “outliving their money”. Retirees receiving a guaranteed lifetime income are more satisfied in retirement (LIMRA). Two-thirds of workers participating in a 2004 Retirement Plan Preferences Survey conducted by the Society of Actuaries and the American Academy of Actuaries, prefer taking retirement income as a life annuity. Currently, legislation is being introduced (H.R. 4849) to reduce the tax on income guaranteed by annuities that make lifetime payments. ONLY FIXED IMMEDIATE ANNUITIES WILL GIVE RETIREES THIS BENEFIT and address the concerns noted. The largest most affluent generation in our history is gearing up for retirement, “Baby Boomers”.
Key Points Of GRIPGRIP focuses on the fact that tomorrow's needs may change. GRIP’s commitment to addressing these needs is today’s business. We offer the most innovative and aggressively priced products from highly rated issuers. Our mission is to be the annuity product platform of choice for the service provider universe. We understand that the concept of “one size fits all” does not apply to the retirement market. We have committed resources that can provide step by step information on converting accumulated wealth into lifetime income and assist with the implementation of the transition. GRIP’s website and call center are set up to be easily navigated by the end user and incorporate numerous planning tools designed to assist in the product selection process. The breadth of resources found on our site should satisfy the most ardent of consumers. Choice of product and issuer are important facets of GRIP. Constant market surveillance of these components ensures that end users consistently have access to the most current, safe and advantageous offerings available. Other key points of GRIP :
This is the first program of its kind, that incorporates all the aforementioned facets provided to market in this manner. GRIP was constructed with the service provider in mind. We have addressed the loss of fees associated with asset lump sum payouts. Our program is able to offer innovative compensation structures that allow for revenue retention potential for your firm. GRIP Retirement, LLC acts as an informational conduit supplying you and your client base with the most up to date legislative and product news releases. GRIP incorporates link compatibility for seamless integration on host sites. Service providers will benefit from this partnership:
We believe that GRIP is superior to existing programs because it leverages the expertise of both managing partners. The skill sets from this partnership translate into a user friendly, technologically current, pro-active product menu format that results in a win - win situation for your clients and your firm. |
|
Send mail to annuity@earthlink.net with
questions or comments about this web site.
|
