DIA - Deferred Income / Longevity Annuity Owner's Manual
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DIA - Deferred Income / Longevity Annuity Owner's Manual
A Deferred Income Annuity (or Longevity Annuity) is a future pension-like plan that you can customize to meet your specific future income goals. The structure has no moving parts, no market attachments, is easily understood and fully transparent. DIAs are a transfer of risk strategy that solves for what I call “Income Later.â€
DIAs are the future of the annuity industry because they are simple, efficient, and easy to understand transfer of risk strategies that solve for future income needs. In combination with Qualified Longevity Annuity Contracts (QLACs), which is another form of a DIA, the Deferred Income Annuity product will eventually be the top selling product type in the annuity industry. Regardless of what the agent wants to sell or the carrier wants them to push, the annuity consumer will demand DIAs over more complex offerings. This ‘Owner’s Manual’ is dedicated solely to the Deferred Income Annuity strategy. I cover every aspect of the product, and after reading this, you will have a very good understanding of DIAs and if this product could complement your specific situation.