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W&S Financial Group Distributors Expands Retirement Freedom Focus With Deferred Income Annuity

W&S Financial Group Distributors •
Income Source Select river rocks and trees

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® Select, its flexible 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 70½.

“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.”

About W&S Financial Group Distributors, Inc.
W&S Financial Group Distributors, Inc. distributes fixed, variable and immediate annuities and life insurance products from Western-Southern Life Assurance Company, The Western and Southern Life Insurance Company, Integrity Life Insurance Company and National Integrity Life Insurance Company, all member companies of Western & Southern Financial Group, Inc. Variable products are distributed through Touchstone Securities, Inc.2 Marketing through a national network of broker-dealers, financial advisors, independent agents and financial institutions, W&S Financial Group Distributors assists financial professionals in helping Americans invest, protect and manage risk for their retirement and legacy.

About Western & Southern Financial Group
Founded in Cincinnati in 1888 as The Western and Southern Life Insurance Company, Western & Southern Financial Group, Inc. (Western & Southern), a Fortune 500 company, is now the parent company of a group of diversified financial services businesses. Its assets owned ($54 billion) and managed ($25.3 billion) totaled $79.3 billion as of March 31, 2019. Western & Southern is one of the strongest life insurance groups in the world. Its seven life insurance subsidiaries (The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Columbus Life Insurance Company, Gerber Life Insurance Company, Integrity Life Insurance Company, The Lafayette Life Insurance Company, and National Integrity Life Insurance Company) maintain very strong financial ratings. Other member companies include Eagle Realty Group, LLC; Fort Washington Investment Advisors, Inc.;1 IFS Financial Services, Inc.; Touchstone Advisors, Inc.;1 Touchstone Securities, Inc.;2 W&S Brokerage Services, Inc.;2 and W&S Financial Group Distributors, Inc. Western & Southern is the title sponsor of six major community events every year, including the Western & Southern Open, a premier event in the U.S. Open Series played each August by the world’s top-ranked professional male and female tennis players.

1 A registered investment advisor.
2 A registered broker-dealer and member FINRA/SIPC.
Review our current financial ratings.


IncomeSource Select is issued by Integrity Life Insurance Company, Cincinnati, OH, or National Integrity Life Insurance Company, Greenwich, NY. Integrity Life operates in DC and all states except NY, where National Integrity Life operates. W&S Financial Group Distributors, Inc. is an affiliated agency of the issuer. Issuer has sole financial responsibility for its products. Both companies are members of Western & Southern Financial Group.

A deferred income annuity is permanent. Owner has no access to premium, which converts to an income payout stream if at least one annuitant is alive on the Income Date. There is no cash value and the annuity can’t be surrendered. Contract terms, such as payment amount and frequency, cannot be changed, except under limited circumstances as described in the contract. A deferred income annuity should not be purchased if access may be needed to any of the premium for living expenses or other purposes. If a payout for life or two lives is selected, whether the payout received will be greater or less than the premium paid will depend on how long the annuitant(s) lives.

Payment of benefits under the annuity contract is the obligation of, and is guaranteed by, the insurance company issuing the annuity. Guarantees are based on the claims- paying ability of the insurer. Products are backed by the full financial strength of Integrity Life and National Integrity Life. Earnings and pre-tax premium payments are subject to income tax at withdrawal. Withdrawals may be subject to charges. Withdrawals from an annuity are subject to ordinary income tax and, if taken before age 59½, may be subject to a 10% IRS penalty. Neither Integrity Life, National Integrity Life nor their agents offer tax advice. For specific tax information, consult your attorney or tax advisor. Earnings and pre-tax payments are subject to income tax when received. Western & Southern member companies and their agents do not offer legal or tax advice.

Product and feature availability, as well as benefit provisions, vary by state. See your financial professional for product details and limitations. Flexible Premium Deferred Paid-Up Annuity contract series ICC17 ENT-04 1708 and
ENT-04 1708 NY and endorsements ICC17 EE.32-36 1708 and EE.32-35 1708 NY.

No bank guarantee. Not a deposit. May lose value. Not FDIC/NCUA insured. Not insured by any federal government agency.

CF-12-26000 (1906)