What Is Guaranteed Lifetime Income?

Guaranteed lifetime income products offer steady, predictable payments that continue for life — no matter how long you live.


They’re often used by retirees who want to replace a paycheck or protect against outliving their savings.


We help clients in Naperville, Wheaton, and Lisle build dependable income streams they can count on.

How It Works

  • You use savings or retirement funds to purchase a lifetime income plan (often through an annuity-based product)
  • You receive monthly payments for life
  • You can choose options for individual or joint coverage (spouse included)

Why People Choose It

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No Market Risk

Income is guaranteed, regardless of stock market performance.

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Lifetime Security

You won’t outlive your income, no matter how long you live.

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Peace of Mind for Couples

Many plans continue income for a surviving spouse.

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Can Include Inflation Adjustments

Some options allow payments to grow over time.

Guaranteed Income FAQs

  • What is guaranteed lifetime income?

    It’s a financial product (often an annuity) that provides predictable monthly payments for the rest of your life — no matter how long you live.


    It’s designed to replace or supplement lost income in retirement.

  • Can I still receive Social Security or a pension with this?

    Yes. Guaranteed income plans are designed to work alongside other sources like Social Security, pensions, or 401(k)s to fill income gaps.

  • How much money do I need to start?

    Some plans allow flexible contributions, while others may require a lump sum.


    We help you evaluate options based on your retirement savings and income goals.

  • What happens if I pass away early?

    Many plans offer beneficiary options or refund features to ensure your remaining funds go to loved ones if you don’t use the full value.

  • Is this like investing in the stock market?

    No. Guaranteed lifetime income products are typically insurance-based, meaning your payments are not affected by market performance.

  • Can I choose when the income starts?

    Yes. Some plans start immediately, while others let you defer payments until a future retirement date — giving you flexibility and higher income potential.

  • Is the income taxed?

    It depends on how the plan is funded (e.g., pre-tax or after-tax dollars). We explain how your specific situation affects taxation — clearly and simply.