Guaranteed Lifetime Income Advantage PlusLaunched in Integrity Variable Annuities
CINCINNATI — March 3, 2015 — W&S Financial Group Distributors, Inc., wholesale distributor of annuities and life insurance from member companies of Western & Southern Financial Group (Western & Southern), today announced the launch of a new variable annuity living benefit rider, Guaranteed Lifetime Income Advantage (GLIA) Plus.
GLIA Plus is an optional guaranteed lifetime withdrawal benefit (GLWB) offered with AnnuiChoice® and Pinnacle variable annuities issued by Integrity Life Insurance Company (Integrity Life) and National Integrity Insurance Company (National Integrity Life).
“Sharp declines or prolonged market downturns can impact retirement security significantly,” said Mark E. Caner, president of W&S Financial Group Distributors. “GLIA Plus can help protect against market volatility while also offering investment growth potential and guaranteed lifetime income.” In 2008, Integrity Life and National Integrity Life launched Guaranteed Lifetime Income Advantage (GLIA), another guaranteed lifetime withdrawal benefit. It too remains available with AnnuiChoice® and Pinnacle.
“Both GLIA and now GLIA Plus allow a measure of control over how assets are allocated and provide access to predictable, sustainable income for life,” Caner said. “Offering these options advances our mission of helping Americans invest, protect and manage risk for their retirement and legacy.”
The optional GLWB riders are intended to provide a minimum guaranteed income stream. They are available at issue for an added annual charge. Issue age, asset allocation and withdrawal restrictions apply. Availability and features may vary by state. Consult with a financial professional and carefully consider features, restrictions, costs and operation of a rider before purchase.
About W&S Financial Group Distributors, Inc.
W&S Financial Group Distributors, Inc. (WSFinancialPartners.com) distributes fixed, variable and immediate annuities and life insurance products from Western-Southern Life Assurance Company, The Western and Southern Life Insurance Company, Integrity Life Insurance Company and National Integrity Life Insurance Company, all member companies of Western & Southern Financial Group, Inc.
Variable products are distributed through Touchstone Securities, Inc.1 Marketing through a national network of broker-dealers, financial advisors, independent agents and financial institutions, W&S Financial Group Distributors assists financial professionals in helping individuals invest for, live in and manage risk during retirement. For more information, visit www.wsfinancialpartners.com/mediacenter.