Bankers Life Launches Guaranteed Lifetime Income Annuity

By a News Reporter-Staff News Editor at Insurance Weekly News -- Bankers Life and Casualty Company, a national life and health insurer, announced a new addition to its portfolio of annuity products, Guaranteed Lifetime Income Annuity (GLIA).

GLIA is a single-premium fixed indexed annuity designed to provide customers with a safe and reliable retirement savings solution that can help accumulate savings, and provide the opportunity to select a guaranteed income stream. With this annuity product, customers may opt to receive a guaranteed, predictable income stream for life without having to annuitize their policy.

"With the increase in average life expectancy, our customers' concerns about outliving their income are very real," said Scott Goldberg, president of Bankers Life. "Our new annuity will help ease their concerns about not only whether they will have enough money for the rest of their life, but how much they can expect. Our product offers a simple design that provides purchasers with control, flexibility and the potential for growth, for the entire life of their retirement."

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