Retirement Solutions that

RISE ABOVE THE REST

Find a solution that works for you!

Products issued by

National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT, Life Insurance Company of the Southwest, Addison, TX and their affiliates.  Each company of National Life Group is solely responsible for its own financial condition and contractual obligations.  Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York.

How much money will you need to retire?

$100,000

A good estimate for retirement savings is 10X your current salary. Retirees can expect to spend $250,000 on medical expenses during their retirement years*

 

(IALC Retirement Survey, 2016)

$500,000

If you earn $50,000/year, $500,000 in retirement savings is a good target.

$1,000,000

A good estimate for retirement savings is 10X your current salary.

What percentage of your income should you save for retirement?

10%

You should save 10-15% of your income, the older you are the more you should save.

5%

You should save 10-15% of your income. If you are not there yet, increase your rate of savings by 1% per year.

15%

You should save 10-15% of your income. The closer you are to retirement, the closer you should be to a 15% savings rate. 

Do you currently have retirement savings?

YES

Good Job!  Keep saving and increase your contributions annually!

NO

Start today with as much as you can, and increase over the years. Small amounts can add up to big savings over time!

If you saved just $35 more each month, how much would you have in 40 years?

$11,521

if $35/month saved for 20 years at 3% interest compounded monthly

$20,449

if $35/month saved for 30 years at 3% interest compounded monthly.

$32,496

if $35/month saved for 40 years at 3% interest compounded monthly.

How much of your savings are you willing to lose to market downturns?

10-15%

Historically, the stock market sees an average decline of 14.2% about once per year and this dip can last about 3 months. 

Source: J.P. Morgan Asset Management Guide to the Markets, 1Q 2017. 

0%

Fixed and fixed indexed annuities are vehicles designed for retirement savings that earn a guaranteed rate of interest, and never lose value due to market downturns.

Guarantees dependent on claims paying ability of the issuing company.
Assuming no early withdrawals or rider charges.

How many years of retirement do you need to plan for?

20 Years

The life expectancy of some aged 65 is 85.*

 

(ssa.gov Retirement Life Expectancy, 2017)

25 Years

25% of 65 year olds will reach age 90.*

 

(ssa.gov Retirement Life Expectancy, 2017)

30 Years

10% of 65 year olds will reach age 95 or older.*

 

(ssa.gov Retirement Life Expectancy, 2017)

Can you be sure that your savings will last the rest of your life?

Uh...I'm not sure.

On average, retirees can withdraw 4-5% of their total savings each year, which will allow their retirement savings to last for 20-25 years of retirement.

 

(New Rules for Retirement, CNNMoney, 2016)

I've got this!

Annuities can convert your retirement savings to a guaranteed stream of income that can never be outlived, which can remove the risk of outliving your savings.

What are your biggest concerns as you plan for retirement?

Risk from
Market Volatility

50% of people will be unable to maintain their standard of living in retirement.

(The Center for Retirement Research, Retirement Risk Index, 2015)

Unexpected expenses,
like health care

19% of American’s fear they won’t have enough retirement income to meet their healthcare needs.

(IALC Retirement Survey, 2016)

Outliving your
retirement savings

25% of American’s fear their retirement income will not last throughout their lifetime.

(IALC Retirement Survey, 2016)

Providing for
your loved ones

28% percent of American’s fear their loved ones will not be taken care of if they die too soon.

(MarketWatch, 2015)

Is there a retirement solution for all of the following retirement obstacles?

Fixed Indexed Annuities provide solutions to the many obstacles of a secure retirement:

  • Principle and Interest is protected against market loss
  • Income can be used to provide for unexpected expenses like healthcare costs
  • Savings can be converted into a guaranteed stream of income that can never be outlived
  • When lifetime income is taken using an income rider, any remaining annuity value is passed to your beneficiaries.
Products issued by

Indexed annuities have surrender charges that are assessed during the early years of the contract if the annuity is surrendered.  In addition, withdrawals prior to age 59 ½ may be subject to a 10% Federal Tax Penalty. Indexed annuities do not directly participate in any stock or equity investments. Guaranteed lifetime income may be provided either by annuitizing an annuity, or through an annuity income rider.  Riders are supplemental benefits that can be added to an annuity.  Riders are optional, may require additional premium and may not be available in all states or on all products.  This is not a solicitation of any specific annuity.

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