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Enhance Your Wealth-Building Strategy for Retirement With Our AnnuiChoice® Variable Annuity

Many people plan for the basics and forget the extras that add to the quality of retirement life. Maybe you’d like to be able to afford to travel more, finance delayed home improvements or buy a new piano to start your own jazz trio. More than half of your retirement income will likely come from your pension and retirement savings plans, as well as your personal resources. So how can you be sure you’ll have what you’ll need over time?

Our AnnuiChoice Variable Annuity can help in your retirement journey. A long-term financial vehicle designed for retirement purposes, AnnuiChoice can be an excellent addition to your retirement wealth-building strategy. With AnnuiChoice, your contributions are invested in variable account options. You can allocate your contributions among a variety of investment options called subaccounts. Depending on your risk tolerance level, you can choose your investment objective, ranging from aggressive to conservative. Your return is tied to the performance of the underlying investments of the subaccounts. If you are comfortable accepting a higher level of risk in return for greater growth potential, an AnnuiChoice Variable Annuity may be an attractive option to consider.

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Benefits of AnnuiChoice Variable Annuity

As a tax-deferred variable annuity, AnnuiChoice can help strengthen your financial confidence about retirement. AnnuiChoice offers you investment flexibility, responsive features and versatile benefits:

  • Growth potential that accompanies investing among a variety of subaccounts in one convenient vehicle, along with the freedom to transfer funds among your subaccounts free of current taxes
  • Professional money management guiding your underlying investments of the subaccounts
  • Retirement income options for you that can last a lifetime
  • Ability to typically withdraw up to 10 percent of your account value annually without a charge (greater withdrawals potentially available without a charge if certain specified life events impact you and your finances)
  • Tax-deferred annuity assets that compound faster than currently taxed alternatives growing at the same rate
  • A death benefit to help protect the future well-being of your loved ones
  • Initial contributions between $10,000 and $1 million ($500,000 maximum for ages 76-85) with additional contributions of $100 or more accepted
  • Available to owner and annuitant issue ages 18 to 85
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Could This Be the Right Solution for You?

The steps you take now to prepare and save for your journey to retirement will have a tremendous impact on your future financial security. AnnuiChoice may be a good choice for you if:

  • You are busy with work and family and lack the time, resources or background to manage your investments with confidence. You seek strategies offering professional management of their underlying investment options.
  • You hope to retire sometime with the next 10 years or so. You still seek growth in your retirement savings, but your tolerance for risk is decreasing. You may desire the certainty of knowing a portion of your retirement assets can be allocated to an account crediting a guaranteed interest rate.
  • You are concerned about possibly outliving your retirement assets. You desire retirement income options that offer the confidence of lifetime income guarantees.
  • You just celebrated the birth of your first child. As a new parent, you expect your financial circumstances and needs to change over time. You seek flexibility in your investment options and contribution amounts and timing.
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Product Details

When you're striving to achieve important savings goals, you want all available options on your side. You may lack the time or expertise to manage your own investment portfolio with confidence. No need to worry. AnnuiChoice provides you with professional money managers operating within dedicated areas of concentration.

In addition to a standard death benefit, AnnuiChoice features an optional death benefit available at issue, provided you are not over 70, for an additional annual charge. Your enhanced death benefit offers the greater of either the highest account value on any contract anniversary (prior to your 76th birthday), plus subsequent contributions, minus subsequent partial withdrawals, or the standard death benefit.

Guaranteed Lifetime Income Advantage (GLIA) and Guaranteed Lifetime Income Advantage Plus (GLIA Plus) are optional Guaranteed Lifetime Withdrawal Benefit (GLWB) riders available to you at issue for an additional charge. They can provide predictable, sustainable income for life while still allowing you to maintain a measure of control over your assets in AnnuiChoice. When your withdrawals are limited to the benefit's lifetime payout amount, that income is protected from market losses. 

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Facts on Saving for Retirement

We can help you prepare for retirement.

45% of Americans have saved nothing for retirement. (The Motley Fool, 20 Retirement Stats That Will Blow You Away, Jan. 26, 2016.)

 56% of Americans have less than $10,000 saved for retirement. (GoBankingRates, March 2016, https://www.gobankingrates.com/press-releases/1-3-americans-0-saved-retirement/)

Overall, Americans are losing an estimated $24 billion every year in matching employer 401(k) contributions. (CheatSheet, 10 Retirement Statistics That Will Scare the Crap Out of You, Dec. 25, 2016.)

55% of retirees stopped working earlier than expected. Health was the number one reason, followed by job loss. (CheatSheet, 10 Retirement Statistics That Will Scare the Crap Out of You, Dec. 25, 2016.)

36% of American adults over 65 are completely dependent on Social Security. (The Motley Fool, 20 Retirement Stats That Will Blow You Away, Jan. 26, 2016.)

The average out of pocket medical costs for a 65-year-old couple will be $218,000 over the next 20 years. (The Motley Fool, 20 Retirement Stats That Will Blow You Away, Jan. 26, 2016.)

1 year in a skilled nursing facility can cost more than $200,000. (The Motley Fool, 20 Retirement Stats That Will Blow You Away, Jan. 26, 2016.)

Many adults don’t save for retirement because they say saving for retirement is like saving for a stranger. (MarketWatch, “This is why most people don’t save for retirement,” Oct. 22, 2016)

Other reasons include

  • I don’t make enough money
  • My employer doesn’t offer a  401(k)
  • My employer doesn’t offer a 401(k) match so it’s not worth it
  • I don’t know how
  • Retirement is decades away
  • I’m saving for a house, car, or vacation

(The (Mostly) Simple Life: Practical Ways to Simplify Your Home, Life & Finances, Nov. 4, 2016, http://www.themostlysimplelife.com/simple-money/saving-for-retirement/)

 

But being unprepared can drastically impact an individual’s retirement in many ways.

Even a small amount put aside each week can help build retirement savings.

We can help you prepare for retirement. Start Now.

Western & Southern Financial Group

Western & Southern Life does not provide tax or legal advice. Please contact your tax or legal advisor regarding your situation. The information provided is for educational purposes only.

©The Western and Southern Life Insurance Company, Cincinnati, Ohio, operates in DC and all states except AK, CT, ME, MA, NH, NY and VT. Western-Southern Life Assurance Company, Cincinnati, Ohio, operates in DC and all states except AK, ME, NH, NY and RI.

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IMPORTANT DISCLOSURES

Flexible Premium Deferred Fixed and Variable Annuity Contract series INT96 Rev., NIL 06-04, NIL 07-04 NY Cert, Guaranteed Lifetime Withdrawal Benefit Rider series IR.19 0801, IR.20 0801, ICC14 IR.37 1410, ICC14 IR.38 1410, NR.19 0801, NR.19 0801 NY Cert, NR.20 0801, NR.20 0801 NY Cert, ICC14 NR.37 1410, NR.37 1410 NY Cert, ICC14 NR.38 1410, NR.38 1410 NY Cert

The GLWB (GLIA or GLIA Plus) rider is intended to provide a minimum guaranteed income stream. It may not be appropriate if you do not intend to take withdrawals. Consider whether purchasing an immediate annuity or the election of an annuity benefit using current annuity rates would better suit your needs.

There is no guarantee of the investment performance or safety of variable annuity investment options. Investment return and principal value of an investment in a variable annuity fluctuate, so units, when redeemed, may be worth more or less than their original cost.

Product issuer Integrity Life Insurance Company operates in DC and all states except ME, NH, NY & VT where issuer National Integrity Life Insurance Company operates. Touchstone Securities, Inc., an affiliate of Integrity, serves as the principal underwriter for our variable annuity contracts. All companies are members of Western & Southern Financial Group. Securities offered through W&S Brokerages Services, Inc., member FINRA / SIPC

Investors should carefully consider the investment objectives, risks, charges and expenses of the contract and the underlying investment options. This and other information is contained in the product and the underlying fund prospectuses and, if available, summary prospectus. Contact your Registered Representative to obtain a prospectus. Please read the prospectus carefully before investing.

Security products are not bank products, are not a deposit, are not insured by the FDIC, NCUA, or any other federal entity, have no bank guarantee and may lose value.

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