Great-West SecureFoundation® II Variable Annuity
As your employees get closer to retirement, they shouldn’t have to choose between protecting their income and growing their investment savings.
Fortunately with Great-West SecureFoundation® II Variable Annuity (SecureFoundation II), they don’t have to choose.
SecureFoundation® II allows employees to:
- Receive guaranteed retirement income for life.1
- Protect their future income from market downturns throughout retirement2.
- Potentially increase their retirement income when markets perform well.
Collectively, these three key benefits address concerns your employees may have related to market volatility, inflation, addressing income needs in retirement and retirement income sustainability.
To speak to a sales representative, please call 877-630-4015.
Any guarantees are subject to the terms and conditions of the contract and the claims-paying ability of the insurer. Great-West SecureFoundation® II is only available through the purchase of a Great-West SecureFoundation® II covered fund.
Variable annuities are long-term investments and may not be suitable for all investors. Any withdrawals of earnings made prioto age 59 ½ may be subject to income tax and a 10% penalty. An investment in a variable annuity is subject to fluctuating values of the underlying investment options, including the possible loss of principal.
While 74% of people indicate they’re interested in lifetime income, only 8% of plans offer a guaranteed income option in investment lineups3
1 Certain withdrawals, such as excess guaranteed annual withdrawals, loans or transfers out of covered funds, will reduce the benefit base. and thus the guaranteed income benefit. Withdrawals are also subject to income tax, including early distribution penalties, if applicable.
2 The guaranteed income benefit does not guarantee the investment performance of the covered fund. Neither the fund provider nor Great-West Capital Management, LLC is responsible for any payments under SecureFoundation II’s guaranteed income benefit.
3 Lifetime Income ScoreSM, Empower Retirement 2015; Plan Sponsor Council of America, 2015.