Planning for steady income in retirement starts with the right strategy. At Diversified Insurance Brokers, we help retirees and pre-retirees explore a wide range of lifetime income annuity options to create a reliable paycheck they can’t outlive. With decades of experience and access to over 100 top-rated carriers, we compare multiple products side-by-side to find the solution that fits your exact needs. Whether you want maximum guaranteed income, flexibility, or inflation protection, we’ll help you choose the right approach and make the process simple.

💡 What Is a Lifetime Income Annuity?

A lifetime income annuity is a financial product designed to provide guaranteed payments for as long as you live. You can choose to start income immediately or at a future date, making it a flexible tool for retirees and those still planning ahead. The payments can be structured for a single individual or for joint lifetimes, ensuring a surviving spouse continues receiving income.

🔍 Common Lifetime Income Annuity Options

• Immediate Income Annuities: Start payments right away, often within 30 days of purchase—ideal for those retiring now.
• Deferred Income Annuities: Delay income for years to increase the payout amount when payments begin.
• Fixed Indexed Annuities with Income Riders: Provide lifetime income with potential for growth linked to an index.
• Inflation-Adjusted Annuities: Payments that grow over time to help offset the rising cost of living.
• Joint-Life Annuities: Designed for couples, ensuring income continues for both spouses’ lifetimes.

📊 Example Scenario

Let’s say you’re 62 and plan to retire at 67. You invest $300,000 into a deferred lifetime income annuity. By the time you start payments at age 67, your monthly income could be significantly higher than if you had started right away—sometimes 40–50% more—depending on current rates and the product chosen. If you choose a joint option, payments would continue for your spouse’s lifetime as well.

🎯 Who This Is a Good Fit For

• Retirees who want a predictable monthly income they can’t outlive
• Individuals concerned about market volatility affecting retirement savings
• Couples who want to ensure income continues for both lives
• Those looking for a “pension replacement” in the absence of an employer plan

📌 Why Work With Diversified Insurance Brokers

• We shop the market across 100+ carriers to find the best payout rates
• Customized planning to align income start dates with your retirement goals
• Expertise in balancing guaranteed income with liquidity and growth
• Clear, transparent comparisons so you know exactly what you’re getting

🚀 Benefits of a Lifetime Income Annuity

• Removes the fear of running out of money
• Can be combined with other income sources for a well-rounded plan
• May include death benefit provisions for beneficiaries
• Helps maintain financial independence and stability

With so many lifetime income annuity options available, the key is finding the right fit for your needs and lifestyle. Our team will walk you through the choices, explain the benefits, and help you lock in the income you need for peace of mind in retirement.