Sales Week: FIAs can help cover the Social Security income gap

HELP CLIENTS GET THEIR FULL SOCIAL SECURITY BENEFIT

For clients who want to retire early, consider an FIA

Have clients who are itching to retire, but want to wait to begin taking Social Security benefits?

Sure, they may be able to start receiving Social Security benefits as early as age 62, but if they delay taking benefits from their full retirement age (FRA) up to age 70, their benefit amount could be much larger.

Once your client reaches full retirement age, Social Security benefits increase by 8% every year for each year delayed until age 70 (if born after 1943).¹

See what the Social Security Administration says about the best time to start receiving retirement benefits.

Putting a fixed index annuity into action

What’s a good way to help your clients bridge that income gap while they delay the start date for their Social Security monthly benefits? Consider recommending a fixed index annuity (FIA) from EquiTrust. 

An FIA with an Income Benefit Rider (IBR) can provide guaranteed² lifetime income your clients can rely on to help them get from early retirement to age 70. Plus, they can benefit from upside growth potential, downside protection, a guaranteed minimum rate of return and tax advantages. 

When it’s time to start taking income from Social Security, guaranteed income from an FIA can provide an excellent source of supplemental income.

Get the details on the full line of EquiTrust annuities.

Memorial Day closure
EquiTrust offices will be closed on Monday, May 29 to observe Memorial Day, and will reopen on Tuesday, May 30.

Don’t miss this Bridge commission special!

Have you taken advantage of our extended Bridge commission offer? The 1% commission special is for all Bridge applications received through June 30, 2023. No threshold, no hurdles, no waiting period.

To talk about using this strategy for your clients or to get a customized quote, call (866) 598-3694. 

866.598.3694 • [email protected] • Agents.EquiTrust.com

¹ “Delayed Retirement Credits”; Social Security Administration;  https://www.ssa.gov/benefits/retirement/planner/delayret.html; accessed 05/19/2023.

² Guarantees are subject to the claims-paying ability of EquiTrust Life Insurance Company.

EquiTrust does not offer investment advice to any individual or agent/producer and this material should not be construed as investment advice. Products underwritten, issued and distributed by EquiTrust Life Insurance Company, West Des Moines, Iowa.

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