Western & Southern Financial Group Distributors Introduces Deferred Income Annuity

W&S Financial Group Distributors, Inc., wholesale distributor of annuities and life insurance from member companies of Western & Southern Financial Group, is addressing retirement risk factors with IncomeSource(R) Select, its fexible premium deferred income annuity.

Issued by Integrity Life Insurance Company, IncomeSource Select provides versatility in securing additional income for retirement, regardless of an individual's planning stage. Also termed a "longevity annuity," it helps reduce the probability of outliving savings. It does so by converting some of an individual's retirement savings into guaranteed future income payouts that begin in the later stages of retirement (provided at least one annuitant is alive on the income start date).

"Given the realities of increased lifespans, uncertain markets and continued low interest rates, Americans face greater challenges for securing their retirement," said Mark E. Caner, president of W&S Financial Group Distributors. "IncomeSource Select is designed to supplement an individual's retirement income when it may most need a boost, years in the future. This emerging option for protected lifetime income may help give some retirees 'permission' to spend a portion of their savings and confidence to enjoy their retirement."

Highlighted features of IncomeSource Select include:

* Purchase flexibility: Owner chooses the premium amount (minimum $10,000 initial and $1,000 additional).

* Accelerated payment emergency liquidity: Provides a lump sum advance of five monthly payments with the next scheduled payment for a total of six. Available up to two times. Restrictions apply.

* Deferral flexibility: Owners can choose their income start date. Income payments can be deferred for anywhere from 13 months to 40 years. The income date can be changed up to two times over the life of the contract. It can be moved up to five years before or after the date originally selected.

* QLAC (Qualified Longevity Annuity Contract): Traditional IRA owners can choose a QLAC, allowing them to extend the start of their income past the required minimum distribution (RMD) age of 701/2.

"IncomeSource Select carries the full backing of Integrity Life," said Caner. "So not only can owners enjoy guaranteed income for life, they also know contractual guarantees are backed by an American-owned company that has been in operation for more than a half century and is highly rated for financial strength, stability and claims-paying ability."