Education Center
Retirement isn’t only about accumulating money. Understanding how income, longevity, protection, and guarantees may work together can help you ask better questions about the years ahead.
Where to begin
For years, much of the retirement conversation focuses on saving.
Eventually, the question changes from:
How much can I accumulate?
To:
How will I turn what I’ve accumulated into income that supports my life?
How the pieces fit
Retirement planning can involve several potential income sources, including:
Each can serve a different purpose.
The objective isn’t necessarily to put everything into one solution.
It’s understanding how the pieces may work together.
Plain language
An annuity is a contract issued by an insurance company that can be designed for accumulation, income, or both.
Different types of annuities have different characteristics.
Depending on the product, features may include:
Annuities also may include surrender periods, charges, limitations and other provisions that should be understood before making a decision.
They are not appropriate for every person or every dollar of retirement savings.
Reframe it
Rather than starting with:
Should I buy an annuity?
Start with:
What do I need my retirement money to accomplish?
That conversation may include:
Only then should specific solutions be considered.
Bring these with you
Understanding the objective comes before selecting the product.
Insurance products, benefits, availability and eligibility vary by carrier, product, location and individual circumstances. Product-specific terms, limitations, exclusions and applicable disclosures should be reviewed before making coverage decisions.
The following applies to our Medicare products. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
Restore Benefits LLC is a licensed insurance agency. We are not connected with or endorsed by the United States government or the federal Medicare program.
