What is RetireOne's Constance product?
It's a Contingent Deferred Annuity
Constance provides a lifetime withdrawal guarantee on a pool of assets maintained on qualifying custodian platforms.
It's a Portfolio Retirement Income Guarantee
Their proprietary technology unbundles annuity insurance protections from underlying investments. This allows you to use Constance to transfer risk to an insurance company without moving assets.
And since you may choose qualified or non-qualified assets to cover, the insurance coverage does not change the tax status of the covered assets.
It's used in Wealthcare Models
Using specific Constance Pure Gamma and Constance Resilient Wealthcare Models you can deliver income for life even if the covered assets are depleted (subject to the claims paying ability of the insurance company). Please read the Account Maintenance Form below before you begin.
*The Constance product is not available to LPL Hybrid advisors at this time.
She’ll turn 65 in a few years and is concerned about how she’ll pay herself in retirement. Will her savings last? Will it be enough? Watch the video to learn how her financial advisor used Constance to help her convert her retirement savings into a “personal pension” and secure her spending power in retirement.
In this Practice Management call recording, RetireOne's Jeff Cusack and Ed Mercier talk about the challenge retirees face when it comes to lifetime retirement spending, the solution a product like Constance can provide, how it works, and how the Wealthcare Investment Group can help you present a solution to your client.
To Register as an Advisor
Register on their secure advisor portal.
Registration will initially provide you with access to advisor-only content. Once you have an account, you will be able to access all policy data on which you are the client authorized advisor.
To request a customized proposal showing the benefits of Constance for a particular client situation, contact investment consulting.
1. Automatic debiting of certificate fees from a Non-Covered Asset account
2. Automatic debiting of the Covered Asset Account being used with Constance
To Onboard a Client
Review the Account Maintenance document so you are familiar with all the account requirements.
Complete the Client Intake Form and submit electronically through your RetireOne advisor portal. RetireOne will then create an electronic agreement that will be sent to you and your client for signatures.
If this account is billing at less than your normal procing, please complete and submit an exhibit A to operations calling out pricing on this one account.
Submit an IPT for this account. Choose:
• New: Implement Single Account Household
• View Add-Ons
• RetireOne from the Add-On Dropdown
• Constance Pure Gamma or Constance Resilient models (no substitutions)
If you are wanting to make a model or allocation change on an existing Constance product, you must submit the appropriate paperwork on your Constance Advisor Portal AND make a change to your existing IPT.
If you have any questions regarding the Constance product, please contact the Wealthcare Investment Consulting Group
To Model a Constance Annuity in a Wealthcare Plan or Profile see the instructions in this Annuity QRG.
** Please remember it is your responsibility as the advisor to be aware of and understand Wealthcare's trading policies and Constance product specifics.
Not available to LPL Hybrid Advisors.
FOR INVESTMENT PROFESSIONALS ONLY
Wealthcare Capital Management LLC and Wealthcare Advisory Partners LLC (collectively, “Wealthcare”, “WCM”, “WCAP”, “we”, “our”, “us”) are registered investment advisors with the U.S. Securities and Exchange Commission (SEC) under the Investment Advisors Act of 1940. All Rights Reserved.
GDX360® is Wealthcare’s fiduciary process that integrates goals based planning with investment implementation that includes cost and tax management services designed to put clients first.
WealthcareGDX® and GDX360®are trademarks of Wealthcare Capital Management IP LLC.
This website is intended to provide general information about GDX360® as a WCM and WCAP service. It is not intended to offer or deliver investment advice in any way. Information regarding investment services are provided solely to gain an understanding of our investment philosophy, our strategies and to be able to contact us for further information.
All investment advisory and financial planning services are offered through WCM and WCAP. WCM and WCAP will maintain all applicable registration and licenses as required by the various states in which WCM and WCAP conducts business. WCM and WCAP render individualized responses to persons in a particular state only after complying with all regulatory requirements, or pursuant to an applicable state exemption or exclusion. Click here to see the full list of disclosures.