Monday, June 13, 2011

New Retirement Income Solution - Phoenix Personal Income Annuity

 

 

 

Social Security benefits are shrinking* and are no longer a reliable retirement income source. Your clients may need to review their retirement income sources and consider alternative solutions to supplement this reduced benefit. 

 

Phoenix has introduced a new solution to help clients protect their retirement savings.

PHOENIX PERSONAL INCOME ANNUITY

Offering potentially the best income guarantees available today!

The Challenge

 

Pre-retirees expect Social Security to be a major source of income in retirement. The reality, however, is that Social Security is expected to replace less than 1/3 of pre-retirement income.

 

The Solution

 

Phoenix Personal Income Annuity features highly competitive lifetime income via a choice of two Guaranteed Minimum Withdrawal Benefit Riders. 

- Income Strategy: Today

- Income Strategy: Tomorrow

 

 

For more details on this exciting new product, please contact your IMO or the Phoenix Sales Desk at 888-794-4447.

 

 

 

 

 

Producer Use Only. Not for use with the public as sales literature.

 

¹The benefit base is used only to calculate the annual rider fee and the amount of withdrawals guaranteed by the rider (benefit base multiplied by the selected rider's age-dependent withdrawal factor). It is not a guarantee of contract value or an amount available to withdraw.

A rider fee applies and will be deducted from contract value.

 

Product features, riders, options and availability may vary by state.

Guarantees are based on the claims-paying ability of PHL Variable Insurance Company.

Phoenix Personal Income Annuity (10FIA, 10ISN) is issued by PHL Variable Insurance Company (PHLVIC) (Hartford, CT). PHLVIC is not authorized to conduct business in Maine and New York. Member of The Phoenix Companies, Inc.

©2011 The Phoenix Companies, Inc.                                                                                                                    6/11        

BPD37903

 

 

 

 

INCOME STRATEGY: TODAY

• A 30% bonus to the benefit base¹ available in year one

• A cumulative 37.5% bonus to the benefit base¹ after year one

• A cumulative 45% bonus to the benefit base¹ after year two

 

INCOME STRATEGY: TOMORROW

• 14% simple roll-up to benefit base¹ for first 10 contract years