We didn't utilize an expected return for the FIA, we only projected the guaranteed income provided through this tool. The cost varies by product, but usually is around one percent per year. The return on the FIA and the cost of the rider are important to understand when you utilize these tools, but for the purpose of this video we are solely focused on the benefits of guaranteed income. And yes, it is designed for both lifetimes, but the beneficiaries receive the remaining cash value with net growth less withdrawals. However, again, the focus is guaranteed income and if the goal is maximizing legacy, then a guaranteed income product is probably not the best solution.
What is the expected return for the FIA with the GWBR ? And what is the cost for the GWBR ? Is this for FIA for both lives with return of principle ?
We didn't utilize an expected return for the FIA, we only projected the guaranteed income provided through this tool. The cost varies by product, but usually is around one percent per year. The return on the FIA and the cost of the rider are important to understand when you utilize these tools, but for the purpose of this video we are solely focused on the benefits of guaranteed income. And yes, it is designed for both lifetimes, but the beneficiaries receive the remaining cash value with net growth less withdrawals. However, again, the focus is guaranteed income and if the goal is maximizing legacy, then a guaranteed income product is probably not the best solution.