Guardian Guaranteed Income Annuity II Review & Free Quotes
Life is About Change
Your life has been constantly changing throughout the years, and this will continue even after you stop, or slow down, your working career. The one thing you do not want to stop, which has probably been the most consistent aspect of your life since you started working, is your paycheck.
Losing this consistent and important income source during the next phase of your life may feel overwhelming. An immediate annuity may be an appropriate way for you to create something similar through the annuity’s guaranteed stream of payments.
By using a portion of the assets you have accumulated to purchase an immediate annuity, you are creating regular guaranteed payments to help support you throughout your lifetime or for a set amount of time.
Creating Your Stream of Guaranteed Income
The Guardian Guaranteed Income Annuity IISM is a single premium fixed immediate annuity issued by The Guardian Insurance & Annuity Company, Inc. When you purchase The Guardian Guaranteed Income Annuity IISM you are creating a stream of guaranteed income. This guaranteed income stream can last for your lifetime or your spouse’s lifetime, or for a set period of time that you choose.
The stream of income, called annuity payments, is guaranteed by the issuing insurance company. Therefore, it’s important to purchase an annuity from a reputable and distinguished insurance company, such as The Guardian Insurance & Annuity Company, Inc. (GIAC).
Life has Unexpected Events, Why not Plan for Them?
As mentioned before, your life can be a long journey, and possibly filled with life’s complexities, such as:
Life expectancy – you most likely want to live as long as possible, but will your income sources last as long as you need them?
Unpredictable sequence of investment returns – are you comfortable with your financial portfolio providing continuous income for your lifetime?
Rising costs of everyday goods – the future purchasing power of the dollar historically declines as the prices for everyday goods increase.
Unexpected expenses – these are the one-time expenses that occur when least expected and, usually, at the wrong time.
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The Guardian Guaranteed Income Annuity II Offers:
Options for receiving guaranteed payments for life. 1. Fixed annuity payments that are not affected by market performance. 2. A compound interest feature that will annually increase your annuity payments, if you choose. 3. A one-time payment acceleration feature allowing you to receive your next scheduled payment and a discounted present-day value lump-sum of the next five annuity payments.
Understand How Your Annuity WORKS
Simply put, the annuity payments from The Guardian Guaranteed Income Annuity IISM are calculated based on:
1. The amount of your single premium payment (adjusted for any annuity taxes depending on your state of residence); 2. The age and gender of the annuitant (see definition on the next page) on the annuity commencement date (the day on which your first annuity payment is processed and sent); 3. The annuity payment option you select, which determines the period of time during which you will receive annuity payments; 4. The frequency of your annuity payments; and 5. The interest rate factors available at the time of purchase.
About The Guardian Guaranteed Income Annuity II:
Minimum Premium: $10,000 Maximum Premium: $1 million Maximum Annuitant Issue Ages: —85 for Life Annuity without Guaranteed Period —90 for all other Annuity Payment Options
How Would You Plan the Rest of Your Life?
The Guardian Guaranteed Income Annuity II offers you the flexibility to create a plan today that will help you achieve your life’s goals.
Flexible Payments to Meet Your Needs
You can receive annuity payments on a:
Monthly Quarterly Semi-annual or Annual basis
The annuity payment frequency must be selected on the annuity application and cannot be changed during the life of the annuity.
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Your annuity commencement date — the date on which your first annuity payment is processed and sent — can be any day that you select or you can have GIAC process the first payment based on the day you purchased the annuity (issue date) and the annuity payment frequency you selected.
Choose the Payment Date You Want
This day can be any day provided it is at least 30 days but not later than the beginning of the 13th month after your annuity’s issue date. Future annuity payments will be processed and sent on the same date you selected as your annuity commencement date but in the month that falls after an amount of time has passed equal to your annuity payment frequency.
For example, your annuity’s issue date is April 2nd and you select a monthly payment frequency. You select June 6th of the same contract year as your annuity commencement date. GIAC will process and send your first annuity payment on this date because it is at least 30 days but not later than the beginning of the 13th month after your annuity’s issue date. Your second annuity payment will be processed and sent on July 6th. Subsequent annuity payments will also be processed and sent on the same date of each month.
Have GIAC Make It Simple for You
If you do not select an annuity commencement date, GIAC will automatically process and send your first annuity payment on the same date as your issue date but within the month that falls after an amount of time has passed equal to your annuity payment frequency.
For example, using the same issue date as above, however, you do not select an annuity commencement date but you do select an annual payment frequency; GIAC will process and send your first annuity payment on April 2nd of the next contract year. Subsequent annuity payments will also be processed and sent on the same date of each contract year.
EB016232 (02/14)
