Schwab Expands Fixed Income Annuity Offering
Copyright: | Copyright Business Wire 2011 |
Source: | |
Wordcount: | 652 |
Addition of highly rated market leader MetLife enhances Schwab’s fixed income annuity offer and gives investors more choice
Fixed income annuities are insurance contracts purchased with a single premium that begin paying income in fixed payments within 13 months of the purchase. One of the few products that guarantee an income stream for life, fixed income annuities can help people mitigate longevity risk while protecting assets from market volatility.
“Over the past year, we’ve seen a confluence of economic and demographic changes that have resulted in an increased focus on the need for guaranteed retirement income sources,” said
“Fixed income annuities can offer peace of mind because they provide consistent and reliable monthly ‘paychecks’ throughout retirement,” said
Chang also noted that creating a steady stream of payments using a fixed income annuity can help retirees delay tapping into
Additional information about Schwab’s SPIA Choice Platform is available at www.schwab.com/annuities or by calling an annuity specialist at 1-888-311-4887.
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*All guarantees are based on the claims-paying ability and financial strength of the issuing insurance company. The Single Premium Immediate Annuity is issued by
Charles Schwab & Co., Inc, a licensed insurance agency, offers annuity and life insurance products that are not affiliated with Schwab. The contract is not available in all states.
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Symetra Edge Pro(SM) Fixed Indexed Annuity Completes National Rollout
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