Sentences with phrase «downside on annuities»
Not exact matches
While there is risk associated with a variable annuity, many offer guarantees of principal and downside protection at an additional cost and depending on contract rider availability.
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Pfau (2013) found that the purchase of a single premium immediate annuity can serve as an efficient substitute for the fixed income portion of a retirement portfolio by better protecting a spending level on the downside while also increasing the average legacy value of assets.