Leaving a Legacy Without Medical Underwriting

Brendon Kelly   |   February 2024   |   2-minute read
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Yes, you read that right. And the way to do it is simpler than you think.

Needles? No.

Height and weight? No thanks.

Sample in a cup? Rather not.

Leaving a legacy for my family? Well, yes please.

There’s only one product that can guarantee income in retirement AND be used to create a legacy.

It is often overlooked … and definitely misunderstood. In reality, this solution should stand out as an invaluable resource for achieving your clients’ goals — all without the hassle of medical underwriting.


Let me tell you a little more about the benefits of annuities in retirement planning.

Creating a Legacy

Annuities, with their unique features, can play a pivotal role in crafting a financial legacy for your clients. Unlike other investment vehicles, annuities provide a predictable stream of income that can extend beyond the lifetime of the annuitant, offering a powerful solution for passing wealth to the next generation. By design, annuities facilitate the seamless transfer of assets, allowing your clients to leave a lasting impact on their heirs without the complexities often associated with estate planning.

One key advantage is the avoidance of probate, a cumbersome and time-consuming legal process. Annuities with designated beneficiaries sidestep probate, ensuring a smoother transition of assets to the intended recipients. This can be especially appealing to clients who value efficiency and wish to minimize the burden on their heirs.

No Underwriting Required

The beauty of annuities lies in their ability to generate guaranteed income without subjecting your clients to the stringent requirements of medical underwriting. For clients who may have health concerns or pre-existing conditions, annuities offer a welcome relief. The absence of medical exams streamlines the application process, making annuities an accessible and attractive option for a broader demographic.

Whether your clients are approaching retirement or are already in their golden years, annuities provide a stable income stream that can serve as a financial safety net. This reliability is particularly reassuring for those who seek peace of mind and desire financial stability during their retirement years.

Incorporating Annuities into Your Planning

When exploring diverse strategies to meet the unique needs of your clients, annuities present a compelling case for optimizing legacy and incoming planning. By offering a dependable income stream and simplified application processes, they stand as an accessible and efficient resource for a broad spectrum of clients.

Two additional unique benefits are also worth noting:

1. Guaranteed Income for Life

One of the hallmark features of annuities is their ability to provide a guaranteed income stream for life. By converting a lump sum of assets into an annuity, you can ensure a steady stream of income that continues regardless of market fluctuations or changes in health status. This reliable income not only supports your own financial security but also lays the foundation for a lasting legacy for your family.

2. Death Benefit Protection

Annuities often come with death benefit provisions, allowing you to designate beneficiaries who will receive a portion or all the remaining value of the annuity upon your passing. This feature enables you to create a financial safety net for your loved ones, ensuring that they are provided for even in your absence.

In conversations with your clients, emphasize the flexibility inherent in many annuity products. Whether they opt for immediate annuities, deferred annuities or a combination of both, the versatility allows you to tailor solutions that align with your clients' specific goals and timelines.

And, if you’re ready for more, download our one-pager to see an example of how a SPIA created guaranteed income for the next generation.

About the Author

Retirement is one of the most important financial events in a person’s life. As SVP, Retirement, Brendon Kelley facilitates our team to make planning for retirement as straightforward as possible. From having the initial conversation to handling licensing and submitting applications, Brendon’s committed to keeping the annuity process running smoothly.