The Society for Annuity Facts & Education (SAFE), a nonprofit with the aim of educating consumers about annuities, has joined with an industry coalition to declare June as Annuity Awareness Month. Hardly a day goes by without dire warnings about underfunded retirements and people outliving meager savings, according to members of the coalition made up of life and annuity carriers, annuity marketers, distributors and data aggregators. The talk these days is how to generate lifetime income for many of us who will live to be 100.
Annuity awareness is “timely and very much needed,” Sheryl J. Moore, president of SAFE and an expert on the annuities market, told InsuranceNewsNet.
For a limited time, Fidelity & Guaranty Life is increasing the initial interest rate for the FG Guarantee-Platinum® 5, a single premium fixed deferred annuity, to 3.15%* for new annuity contracts issued on or after June 6, 2016.
This initial rate is guaranteed for the first 5 contract years only and is thereafter subject to change. Also, this initial rate is subject to change at their sole discretion at any time.
Along with this competitive initial interest rate, FG Guarantee-Platinum® 5 offers:
Free withdrawals of all accumulated interest
30-day surrender charge free window after each 5-year rate guarantee period
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