1/5/2024 0 Comments Bankers life annuity![]() GLIA Plus complements Bankers Life current fixed indexed annuity products, including the Security Builder® Indexed Annuity, the Premium Bonus Indexed Annuity (PBIA), the Guaranteed Lifetime Income Annuity (GLIA) and the GrowthPoint® Indexed Annuity. Enhanced benefit – offers the option to receive a temporary increase to the income withdrawals if eligibility conditions are met, which include being certified by a licensed health care professional as being unable to perform two or more Activities of Daily Living (ADLs) or as having a severe cognitive impairment.Flexibility and control of money– offers the ability to stop and restart lifetime income withdrawals as customers' needs change and provides the option to access annuity funds in times of financial uncertainty.Guaranteed lifetime income option– offers predictable, dependable income payments for life and customers can know exactly how much yearly income they will receive for as long as they live.Principal safety and growth potential– offers the simplicity of a traditional fixed annuity combined with the opportunity to earn interest linked in part to an external market index, all while protecting the annuity's principal against downside market risk.Adding GLIA Plus to our portfolio is another tool in helping our customers prepare for both their future income and healthcare needs.” “Helping our consumers protect their retirement savings and grow their nest egg is a top priority for us. “According to a recent Center for a Secure Retirement study, nearly eight in 10 (79%) middle-income Boomers have no money set aside specifically for their long-term care needs,” said Scott Goldberg, president of the consumer division at CNO Financial Group. The annuity also offers clients the option to temporarily increase the income withdrawals for up to two years in the event of a qualified health crisis to help cover care-related or other expenses. ![]() GLIA Plus offers consumers the opportunity to accumulate tax-deferred savings for retirement and create a sable, flexible retirement income solution that can guarantee income payments for life through lifetime income withdrawals. The new product is a single-premium fixed indexed annuity with an enhanced benefit that helps consumers access their money for healthcare expenses in the event of a care-related need. New Bankers Life Annuity Product Offers Income and Flexibility During RetirementĬHICAGO, – Bankers Life, a national life and health insurance brand that focuses on the insurance needs of Americans who are near or in retirement, announced today its new Guaranteed Lifetime Income Annuity Plus with Enhanced Benefit (GLIA Plus). ![]()
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