Decumulation Diversification – Helping Address Potential Health Care Costs

Join us for a look at how registered index-linked annuities (RILAs) with an income rider can help fund future expenses in a modernized, asset-and cost-efficient strategy. This presentation will focus on clients who already have a high probability of success within the financial planning model. By utilizing a RILA within a financial strategy, we will show how a structured annuity can help manage the potential downside risk of a client’s overall portfolio, potentially increase drawdown efficiency, and add a level of protection from uncertain expenses in a tax-effective manner. 

This content is for general educational purposes only. It is not, however, intended to provide fiduciary, tax or legal advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Allianz Life Insurance Company of North America, its affiliated companies, and their representatives and employees do not give fiduciary, tax or legal advice or advice related to social security or Medicare. Clients are encouraged to consult their tax advisor or attorney or Social Security Administration (SSA) office for their particular situation.

RILAs provided indexed return potential with the opportunity for varying levels of protection through multiple index options available prior to receiving annuity payments, tax-deferred growth potential, a variety of annuity options, and a death benefit during the accumulation phase.

Competency Level: Foundational
FPA Competency: Critical Thinking
CFP Board Topic: Retirement Savings and Income Planning
CFP Board CE Credit Hours:

• Understand the impact of unexpected health care costs on retirement planning. Learners will be able to explain how unplanned medical expenses, such as long-term care or nursing home costs, can affect retirement income, asset longevity, and overall financial security.
• Evaluate strategies for helping fund health care costs in retirement. Learners will be able to compare traditional approaches (self-funding, long-term care insurance, product-based solutions) and assess how each can help mitigate the financial risks associated with health care needs in retirement.
• Analyze the role of guaranteed lifetime income products seeking to improve retirement outcomes. Learners will be able to describe how incorporating guaranteed income sources, such as annuities with an income multiplier benefit that is included with an income benefit rider, can increase the probability of retirement success, reduce reliance on portfolio withdrawals, and help provide financial stability in the face of longevity and market risks