money for life
TRANSCRIPT
![Page 1: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/1.jpg)
Money For Life
![Page 2: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/2.jpg)
Money For Life
![Page 3: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/3.jpg)
According to the 2014 Sun Life Canadian Unretirement Index, Canadians have an appetite for guaranteed lifetime income.
Money For Life
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According to the 2014 Sun Life Canadian Unretirement Index, Canadians have an appetite for guaranteed lifetime income.
97% OF RESPONDENTS SAY IT IS EITHER:
Money For Life
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According to the 2014 Sun Life Canadian Unretirement Index, Canadians have an appetite for guaranteed lifetime income.
97% OF RESPONDENTS SAY IT IS EITHER:
70% VERY IMPORTANT
Money For Life
![Page 6: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/6.jpg)
According to the 2014 Sun Life Canadian Unretirement Index, Canadians have an appetite for guaranteed lifetime income.
97% OF RESPONDENTS SAY IT IS EITHER:
70% VERY IMPORTANT
27% SOMEWHAT IMPORTANT
Money For Life
![Page 7: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/7.jpg)
There used to be only two ways to provide lifetime income
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There used to be only two ways to provide lifetime income
Buy A Life Annuity
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There used to be only two ways to provide lifetime income
Do It On Your Own
Buy A Life Annuity
![Page 10: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/10.jpg)
There used to be only two ways to provide lifetime income
Do It On Your Own
You spend your capital to buy an income
Buy A Life Annuity
![Page 11: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/11.jpg)
There used to be only two ways to provide lifetime income
Do It On Your Own
You spend your capital to buy an incomeYou become part of a pool
Buy A Life Annuity
![Page 12: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/12.jpg)
There used to be only two ways to provide lifetime income
Do It On Your Own
You spend your capital to buy an incomeYou become part of a pool
You can’t run out of income
Buy A Life Annuity
![Page 13: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/13.jpg)
There used to be only two ways to provide lifetime income
Do It On Your Own
You spend your capital to buy an incomeYou become part of a pool
You can’t run out of incomeYou can’t change your mind
Buy A Life Annuity
![Page 14: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/14.jpg)
There used to be only two ways to provide lifetime income
Buy A Life Annuity
Do It On Your Own
You spend your capital to buy an income
You keep your capital but you could run out
You become part of a poolYou can’t run out of incomeYou can’t change your mind
![Page 15: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/15.jpg)
There used to be only two ways to provide lifetime income
Do It On Your Own
You spend your capital to buy an income
You keep your capital but you could run out
You become part of a poolYou can’t run out of income
There is now a third way
You can’t change your mind
Buy A Life Annuity
![Page 16: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/16.jpg)
There used to be only two ways to provide lifetime income
Do It On Your Own
You spend your capital to buy an income
You keep your capital but you could run out
You become part of a poolYou can’t run out of income
There is now a third way
You can’t change your mind
GLWB
Buy A Life Annuity
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What is a GLWB
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What is a GLWBGuaranteed
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What is a GLWBGuaranteed
Lifetime
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What is a GLWBGuaranteed
LifetimeWithdrawal
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What is a GLWBGuaranteed
LifetimeWithdrawal
Benefit
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What is a GLWB
Guaranteed Income For Life
GuaranteedLifetime
WithdrawalBenefit
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GLWBYou have a guaranteed lifetime income
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GLWBYou have a guaranteed lifetime income
You have access to your capital
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GLWBYou have a guaranteed lifetime income
You have access to your capital
You can take out all or a portion of your capital
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GLWBYou have a guaranteed lifetime income
You have access to your capital
You can take out all or a portion of your capital
You remain invested so you can earn market returns
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GLWBYou have a guaranteed lifetime income
You have access to your capital
You can take out all or a portion of your capital
You remain invested so you can earn market returns
What If?
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What Happens If ?
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What Happens If ?The Investment Grows ?
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What Happens If ?The Investment Grows ?
The Investment Shrinks?
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What Happens If ?The Investment Grows ?
The Investment Shrinks?
You Want To Put More Money In?
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What Happens If ?The Investment Grows ?
The Investment Shrinks?
You Want To Put More Money In?
You Want To Take Some Extra Money Out?
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What Happens If ?The Investment Grows ?
The Investment Shrinks?
You Want To Put More Money In?
You Change Your Mind and Want To Cancel ?
You Want To Take Some Extra Money Out?
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What Happens If ?The Investment Grows ?
The Investment Shrinks?
You Want To Put More Money In?
You Change Your Mind and Want To Cancel ?
You Die?
You Want To Take Some Extra Money Out?
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What Happens If The Investment Grows ?
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What Happens If The Investment Grows ?
Your Income Increases
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What Happens If The Investment Grows ?
Your Income Increases
Your Guaranteed Base Resets Every 3 Years
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What Happens If The Investment Grows ?
Your Income Increases
Your Guaranteed Base Resets Every 3 Years
What Happens If The Investment Shrinks ?
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What Happens If The Investment Grows ?
Your Income Increases
Your Guaranteed Base Resets Every 3 Years
What Happens If The Investment Shrinks ?
Your Income Remains The Same
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What Happens If The Investment Grows ?
Your Income Increases
Your Guaranteed Base Resets Every 3 Years
What Happens If The Investment Shrinks ?
Your Income Remains The Same
Your Income Could Come From Insurance
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What If You Want To Put More Money In?
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What If You Want To Put More Money In?
Additional Deposits are Allowed Prior To Age 85 ($50.00 Minimum).
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What If You Want To Put More Money In?
Additional Deposits are Allowed Prior To Age 85 ($50.00 Minimum).
Additional Deposits will Increase Income.
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What If You Want To Put More Money In?
What If You Want Some Extra Money Out?
Additional Deposits are Allowed Prior To Age 85 ($50.00 Minimum).
Additional Deposits will Increase Income.
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What If You Want To Put More Money In?
What If You Want Some Extra Money Out?
Additional Deposits are Allowed Prior To Age 85 ($50.00 Minimum).
Additional Withdrawals are Allowed. Withdrawals Will Reduce Guarantees Proportionally.
Additional Deposits will Increase Income.
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What If You Change Your Mind and Want To Cancel ?
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What If You Change Your Mind and Want To Cancel ?
You Can Cancel Your Contract And Receive The Market Value At Any Time.
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What If You Change Your Mind and Want To Cancel ?
You Can Cancel Your Contract And Receive The Market Value At Any Time.
There May Be A Surrender Charge (3% or Less) In The First 3 Years
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What If You Change Your Mind and Want To Cancel ?
What If You Die?
You Can Cancel Your Contract And Receive The Market Value At Any Time.
There May Be A Surrender Charge (3% or Less) In The First 3 Years
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What If You Change Your Mind and Want To Cancel ?
What If You Die?
You Can Cancel Your Contract And Receive The Market Value At Any Time.
There May Be A Surrender Charge (3% or Less) In The First 3 Years
The Death Benefit Is Guaranteed To Equal What You Put In Less What You Received.
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What If You Change Your Mind and Want To Cancel ?
What If You Die?
You Can Cancel Your Contract And Receive The Market Value At Any Time.
There May Be A Surrender Charge (3% or Less) In The First 3 Years
The Death Benefit Is Guaranteed To Equal What You Put In Less What You Received.
The Death Benefit Resets Every Three Years If The Market Value Exceeds The Previous Guarantee.
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Cost Of Guaranteed Lifetime Withdrawal Benefit
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Cost Of Guaranteed Lifetime Withdrawal Benefit
Currently 1.0% to 1.25 % per year
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Cost Of Guaranteed Lifetime Withdrawal Benefit
What Do You Get For Less Than 2%
Currently 1.0% to 1.25 % per year
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Cost Of Guaranteed Lifetime Withdrawal Benefit
What Do You Get For Less Than 2%
Predictable lifetime income
Currently 1.0% to 1.25 % per year
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Cost Of Guaranteed Lifetime Withdrawal Benefit
What Do You Get For Less Than 2%
Predictable lifetime income
Potentially increasing income
Currently 1.0% to 1.25 % per year
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Cost Of Guaranteed Lifetime Withdrawal Benefit
What Do You Get For Less Than 2%
Predictable lifetime income
Potentially increasing income
Sustainable income stream
Currently 1.0% to 1.25 % per year
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Cost Of Guaranteed Lifetime Withdrawal Benefit
What Do You Get For Less Than 2%
Predictable lifetime income
Potentially increasing income
Sustainable income stream
Tax preferred non-registered income
Currently 1.1 % per year
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DISCLAIMER
![Page 60: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/60.jpg)
There Are Several Insurance Companies Now Marketing Guaranteed Lifetime Withdrawal Benefits. The Contracts Are Very Similar Yet Not Identical. The Descriptions Given Here Have Been Selected From The Marketing Material Provided By Various Companies and May Not Be Accurate For All Companies.
DISCLAIMER
![Page 61: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/61.jpg)
There Are Several Insurance Companies Now Marketing Guaranteed Lifetime Withdrawal Benefits. The Contracts Are Very Similar Yet Not Identical. The Descriptions Given Here Have Been Selected From The Marketing Material Provided By Various Companies and May Not Be Accurate For All Companies.
I Refer To My Work Here As Research. Others Might Call It Plagiarism.
DISCLAIMER
![Page 62: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/62.jpg)
There Are Several Insurance Companies Now Marketing Guaranteed Lifetime Withdrawal Benefits. The Contracts Are Very Similar Yet Not Identical. The Descriptions Given Here Have Been Selected From The Marketing Material Provided By Various Companies and May Not Be Accurate For All Companies.
I Refer To My Work Here As Research. Others Might Call It Plagiarism.
DISCLAIMER
Brian Penston
![Page 63: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/63.jpg)
There Are Several Insurance Companies Now Marketing Guaranteed Lifetime Withdrawal Benefits. The Contracts Are Very Similar Yet Not Identical. The Descriptions Given Here Have Been Selected From The Marketing Material Provided By Various Companies and May Not Be Accurate For All Companies.
I Refer To My Work Here As Research. Others Might Call It Plagiarism.
DISCLAIMER
Brian PenstonB.Comm. (Hons.), CLU, CH.F.C., CFP
![Page 64: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/64.jpg)
There Are Several Insurance Companies Now Marketing Guaranteed Lifetime Withdrawal Benefits. The Contracts Are Very Similar Yet Not Identical. The Descriptions Given Here Have Been Selected From The Marketing Material Provided By Various Companies and May Not Be Accurate For All Companies.
I Refer To My Work Here As Research. Others Might Call It Plagiarism.
DISCLAIMER
Brian PenstonB.Comm. (Hons.), CLU, CH.F.C., CFP
Phone: (204) 633-7353 Email: [email protected]
![Page 65: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/65.jpg)
There Are Several Insurance Companies Now Marketing Guaranteed Lifetime Withdrawal Benefits. The Contracts Are Very Similar Yet Not Identical. The Descriptions Given Here Have Been Selected From The Marketing Material Provided By Various Companies and May Not Be Accurate For All Companies.
I Refer To My Work Here As Research. Others Might Call It Plagiarism.
DISCLAIMER
Thank You!
Brian PenstonB.Comm. (Hons.), CLU, CH.F.C., CFP
Phone: (204) 633-7353 Email: [email protected]
![Page 66: Money for life](https://reader035.vdocuments.us/reader035/viewer/2022062418/555e86c0d8b42a41328b569f/html5/thumbnails/66.jpg)
There Are Several Insurance Companies Now Marketing Guaranteed Lifetime Withdrawal Benefits. The Contracts Are Very Similar Yet Not Identical. The Descriptions Given Here Have Been Selected From The Marketing Material Provided By Various Companies and May Not Be Accurate For All Companies.
I Refer To My Work Here As Research. Others Might Call It Plagiarism.
DISCLAIMER
Thank You!
Brian PenstonB.Comm. (Hons.), CLU, CH.F.C., CFP
Phone: (204) 633-7353 Email: [email protected]