“Inflation is a significant risk for retirees, and the PIMCO Real Income Funds are specifically designed to provide systematic monthly distributions for a specified term, while seeking to preserve retirees’ purchasing power,” said Tom Streiff, executive vice president and PIMCO retirement product manager. “Should they reach the end of these distributions, clients still need a retirement income stream that lasts for the rest of their lives.”
“Longevity insurance can protect retirees from the risk of outliving their assets while in retirement by providing guaranteed future lifetime income,” said Elizabeth M. Forget, senior vice president of retirement products at MetLife. “By including MetLife’s Longevity Income Guarantee in a client’s overall retirement income strategy, a client can secure a guaranteed stream of lifetime income—typically beginning between ages 75 and 85—when other assets may be running low.”
