Which of the following is a Retirement Income Generator (RIG) under SOA/SCL?

• A. Systematic withdrawal plan (SWP)
• B. Guaranteed lifetime annuities through insurance
• C. Temporary payout from plan assets that delays Social Security
• D. QLAC

Answer: (B)

A Retirement Income Generator is a source that provides a guaranteed lifetime stream of income from retirement assets. A guaranteed lifetime annuity purchased from an insurance company fits this idea perfectly: once you fund it, the insurer promises to pay you a set amount for life, no matter how long you live or how the markets perform. That certainty is the hallmark of a RIG because it turns part of your assets into a dependable, long-term income stream.

Other options don’t deliver that guaranteed lifetime income. A systematic withdrawal plan depends on market returns and can deplete assets over time. A temporary payout that delays Social Security is simply a timing strategy, not a guaranteed income stream. A QLAC provides a deferred lifetime income, starting at a later age, but it’s a specialized form of a longevity product rather than the standard immediate guaranteed lifetime income, which is why the guaranteed lifetime annuity through insurance is the best fit for a Retirement Income Generator.