With the growing popularity of lifetime income products on the market, the Guardian Insurance and Annuity Company has announced the debut of a new deferred income annuity solution.
The Guardian SecureFuture Income Annuity will generate lifetime payments for owners based on an initial premium payment of $5,000. The product, backed by the claims-paying ability of GIAC, can be set up to begin those payments at a predetermined future date chosen by the owner, within the rules of the annuity.
Owners will be able to make additional premium payments to increase their future lifetime income value up until 13 months before the income decumulation date, and can benefit from a variety of product features to meet both current and future income needs.
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