How a RILA Can Help Protect a Portion of a Client’s Retirement Assets
A level of downside protection may help if market volatility occurs when a client retires.
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One of the concerns many retirees face is determining when they should retire. The transition into retirement typically means moving from contributing to retirement accounts to drawing income from them. If this transition happens during or shortly before a market downturn, retirees may be left with fewer assets to last throughout retirement or may need to delay retirement to continue contributing to their accounts.
However, the benefits of a registered index-linked annuity (RILA) – which include a level of downside protection and the opportunity for growth in up markets – may help clients nearing or in that transition stage feel more confident they can retire on their preferred timeline. Additionally, some RILAs also offer an optional rider, which can provide guaranteed income to supplement other sources of retirement income.
Watch this video as Kevin Russ, Director of the Advanced Markets Group at Brighthouse Financial; and Amethyst Vargas, Vice President of Brand and Strategic Partner Marketing at Brighthouse Financial, discuss the importance of being prepared for multiple market conditions in retirement and the role a RILA can play.
This material is for general informational purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax, accounting, investment, or fiduciary advice. Brighthouse Financial and its affiliates did not consider any individual’s circumstances in preparing this information. Clients should confer with their tax, legal, and accounting professionals in addition to consulting with a financial professional.
Annuities are issued by, and product guarantees are solely the responsibility of, Brighthouse Life Insurance Company, Charlotte, NC 28277 and, in New York only, by Brighthouse Life Insurance Company of NY, New York, NY 10017 (“Brighthouse Financial”). Variable products are distributed by Brighthouse Securities, LLC (member FINRA). All are Brighthouse Financial affiliated companies. Annuities are long-term investments designed for retirement purposes. The contract prospectuses and contracts contain information about each contract’s features, risks, charges, expenses, exclusions, limitations, termination provisions, and terms for keeping the contract in force. Prospectuses and complete details about each contract are available from a financial professional and should be read carefully. Product availability and features may vary by state or firm.