The Financial Realities of Elder Care & Long-Term Care Insurance
Annuities can be classified as either deferred or immediate. With a deferred annuity, your money is invested and accumulates over time, typically providing payouts in retirement. An immediate annuity begins payouts to you immediately, once you create it.
Variable: The amount paid to you increases or decreases based on market performance. Variable rate annuities can potentially pay more, allowing you to keep pace with the rate of inflation in retirement or even exceed it.
Immediate: Starts paying you lifetime income as soon as you establish it.
Downside guarantee: Even when the markets experience volatility, we provide an increased measure of security and peace of mind. Your annuity won’t decrease more than 5% in the first year of a market downturn or more than 10% in the second or subsequent years of declines.
4% Advanced earnings assumption: We presume that the Annuity Fund will annually earn at least 4% during your retirement. So, when you convert your account into an annuity, MMBB gives you 4% more annuity units than you actually purchase. For example, if you’re initially credited with 100 annuity units when you convert your investment, MMBB advances you an additional 4% or four additional units.
Visit our Annuity Payout Analysis to understand how the current actual value of the assets in the Annuity Fund compares to the actual payout value.
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