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Guarantee your income for life.
For years, your focus has been to save for retirement. Now you need innovative solutions to help you transition your hard-earned savings into income that will last your lifetime. You also need to protect your savings against three retirement risks:
- Longevity risk: You might outlive your money
- Inflation risk: Your retirement savings might not earn enough to keep pace with inflation.
- Market return risk: You could experience poor market returns in the early retirement years, increasing the chances you’ll use all of your savings sooner than planned.
The lifetime income benefit option from Great-West Life can help you manage these risks in retirement and protect your savings by providing:
- Predictable, guaranteed income for life beginning as early as age 50
- The potential for increasing income
- A safe transition from savings to income
Your lifetime income amount will not decrease regardless of how the funds perform*
*Withdrawals in excess of the lifetime income amount will decrease the lifetime income amount.
Any amount that is allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value.
For more information, visit Great-West’s income website. click here
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