National Life Helps Americans Get Financially FIT
MONTPELIER, Vt. (PRWEB) August 08, 2018 -- National Life has introduced four new consumer-focused retirement solutions to help Americans prepare for a financially independent tomorrow (FIT). The new FIT flexible premium indexed annuities, issued by National Life’s member company Life Insurance Company of the Southwest, are tailored to customers’ needs, designed to give clients more options to meet them where they are in their retirement planning.
“Planning for retirement can be overwhelming,” remarked Mehran Assadi, Chairman, CEO and President of National Life Group. “The FIT Series helps simplify that by providing tailored options based on an individual’s savings timeline and goals.”
According to a 2017 study conducted by the Indexed Annuity Leadership Council, one in four Americans fear they will outlive their income. With individuals living longer in retirement, having a stream of income that can last throughout retirement is a key concern. The FIT series can help clients build, grow and protect their retirement savings. And with the Guaranteed Lifetime Income Rider, it addresses the concern of outliving income in retirement by turning money saved into income clients cannot outlive.
“We want to give customers more with the FIT series,” commented Achim Schwetlick, Senior Vice President of the Business Innovation Group at National Life. “These indexed annuities give customers more upside interest crediting potential than a traditional fixed annuity, more flexibility, and more interest crediting options.”
At National Life, our story is simple: For more than 169 years we’ve worked hard to deliver on our promises to millions of people with our vision of providing peace of mind in times of need. It’s our cause, stemming from a deep passion to live our values to do good, be good and make good, every day.
Producers, to learn more about the FIT series or the complete product portfolio and services offered by the companies of National Life Group, please contact the National Life Group Sales Desk at 1-800-906-3310.
Contact: Ross Sneyd, corporate communications, National Life Group, 802.229.3866.
National Life Group® is a trade name of National Life Insurance Company, founded in 1848 in Montpelier, Vt., Life Insurance Company of the Southwest, Addison, Texas, chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York.
The FIT Series fixed indexed annuities, form series 20375(0418)/ICC-18-20375(0418) and the Guaranteed Lifetime Income Rider form series 20367(0518)/ICC-18-20367(0518) are issued by Life Insurance Company of the Southwest. The Guaranteed Lifetime Income Rider (GLIR) incurs an additional cost. Once GLIR is exercised, the Guaranteed Withdrawal Payments will reduce the policy’s accumulated value, but you will continue to receive these payments during your lifetime even if your accumulation value declines to zero. GLIR is not available on all FIT Series annuities and may not be available in all states. Indexed annuities have surrender charges that are assessed during the early years of the contract if the annuity is surrendered. In addition, withdrawals prior to age 59 ½ may be subject to a 10% Federal Tax Penalty. Indexed annuities do not directly participate in any stock or equity investments. Protection of premiums paid and interest earned assumes that no withdrawals are made during the surrender charge period. Rider charges continue to be deducted regardless of whether interest is credited. Guarantees are dependent on the claims paying ability of the issuing company. This communication is not approved for use in DE, OK, OR, WY.
National Life Insurance Company • Life Insurance Company of the Southwest
Administrative Office: One National Life Drive • Montpelier, Vermont 05604 • NationalLifeGroup.com
TC102287(0818)1
Ross Sneyd, National Life Group, https://www.nationallife.com, +1 (802) 229-3866, [email protected]
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