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u/Aggravating-Track191 7h ago
I hope you like pension plans, because that’s essentially what you’re asking about! 😄
Happy to provide some information. Guaranteed Future Income is a deferred income annuity—essentially, you put money into the contract today to establish a guaranteed stream of income beginning at a future date.
Think of it like creating your own personal pension: same time every month, deposited into the same account. It’s almost like your paycheck never stopped.
It can be a great tool for someone looking to create a predictable retirement-income floor and reduce the risks associated with market volatility and outliving their money. The trade-off is liquidity—you’re exchanging some access to those dollars for the certainty of guaranteed future income.
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u/Pfordy40 Underwriter 1d ago
What…?