For detailed information about the Income for Life Model® please visit www.incomeforlifemodel.com
The Income for Life Model® (IFLM) is an open-architecture, comprehensive retirement income distribution solution with the objective of providing lifetime, inflation-adjusted income. Available as both a co-branded and private-branded program, IFLM is the compliant framework that allows financial advisors to place their customers' retirement assets into a distribution mode utilizing a flexible, multi-product approach.
The Income for Life Model® is hosted and managed on the next-generation Traject™ network. Among other tangible advantages, Traject allows IFLM customers to tailor the program according to the varying business requirements of diverse distributors. The Traject network also generates unlimited numbers of compliant, advisor-personalized micro sites that allow financial advisors to engage prospects with a superior, browser-based educational experience.
IFLM is supported with advanced and compliant communications tools for educating both advisors and consumers. These educational tools include a turnkey seminar module, print collateral and video educational presentation. NASD comment letters on the various materials are available for review.
A sophisticated web-based illustration system allows broker-dealers to set global parameters over the rate-of-return assumptions modeled. The system allows for the selection of pre-defined ROR models as well as fully dynamic modeling. In addition, the number and duration of laddered segments can be selected by the financial advisor in conjunction with clients' needs and illustrated in real-time.
Importantly, for the purpose of determining a client's true need for guaranteed versus variable income streams, Wealth2k® has developed the first risk assessment process for retirement income This innovation is inherently more compliant than having advisors sell products such as variable annuities as "solutions" to retirement income needs. With IFLM financial advisors are able to position GMWB riders or lifetime annuities as vital components of a larger income strategy.
To view The Income for Life Model® multimedia presentation, which is available as a streaming presentation from producer-branded websites or on CD ROM, please click here.
Key benefits:
- A strategic solution for income-generation
- Effectively combines products in a time-segmented asset allocation strategy
- Creates vital context for the selection of both current and emerging investment products
- $620,000 average investment per sale
- Offers the most sophisticated and effective educational tools of any income distribution program
- Higher immediate and inflation-adjusted withdrawal rates with less investment risk
- Impressive, web-based illustration tool
- Integrates GMWB, lifetime annuitization or other sources of guaranteed income
- Easily manageable across large distribution networks on the web-based Traject™ network
