UlTImATE SUccESS GUIdEhave received an additional $12,000 a year bringing her income up to
$52,000 a year income from her retirement accounts. Although Ms.
Browne’s investment is far from the $70,000 a year she was taking, it is
much more safe, predictable and realistic.
Secondly, some of these Hybrid Annuities have a Long Term Care fea-
ture that is built into the contract. If my client’s health changes in the
future and they are unable to perform at least 2 of 6 daily living require-
ments, which are Bathing, Dressing, Eating, Transferring, Continence,
and Toileting, then they qualify for the Home Healthcare Doubler,
which doubles your income for up to 5 years. In Ms. Browne’s case
it would have hypothetically taken her income on the Hybrid Annuity
from $40,000 a year to $80,000 a year. What a great guarantee built into
the contract that protects my clients in the event they need long-term
care. More importantly it allows the client to stay at home while getting
the care they need and does not require them to be checked into a long-
term care facility.
In the case where you do not need income right away like Ms. Browne,
the Hybrid Annuity allows you to grow your income account value ev-
ery year you defer taking withdrawals. It grows the income account
value by 6-7% a year followed by guaranteed lifetime income at a future
date that you decide. For example, if you are age 60, you do not need
to start taking extra supplemental income from the annuity until age
- If you started with $100,000, your benefit base would be worth a
guaranteed $207,000 (including an initial 5.5% upfront bonus from the
company). You could take a guaranteed 6% withdrawal rate from that
at age 70. That is over $12,452 a year in additional lifetime income.
Also if you have health issues in the future, they double the income for
up to 5 years to $24,900. This is not only a great way to provide a safe
guaranteed lifetime income, but also to protect yourself in the event you
need some type of home healthcare in the future.
In the consultations I do with my clients, I always ask when it comes
to their future income they are looking for if they want MAYBE
income or GUARANTEED lifetime income? I believe now, after hear-
ing Ms. Browne’s story... you know why.