Just Released: 2023 Annual Report // Read Now

Just Released: 2023 Annual Report // Read Now


Secure guaranteed income for you and your spouse for the rest of your lives

Many retirees worry about their financial situation. It’s common to wonder whether or not they have the funds to cover their expenses for the years to come, but those who spent their careers in ministry are particularly familiar with this worry. Some opted out of Social Security, and some simply don’t have sufficient savings. Geneva’s Late-In-Life (LILI) income option is designed to ease this fear: it secures you and your spouse with guaranteed income for the rest of your lives.


Pay for anything, from groceries to long term care

Start receiving income when you decide. Note: You must begin payments no later than age 85

Received guaranteed income eligible for housing allowance

No market risk since payments are fixed and no long term risk since payments are guaranteed for your lifetime


Number of PCA Pastors without sufficient retirement will triple by 2035

*2011 PCA RBI Retirement Readiness Report


Americans ages 55-73 who have less than $5,000 in retirement savings

*https://www.cnbc.com/2019/06/26/ how-much-americans-have-saved-forretirement.html


Number of years American life expectancy will rise between 2016 to 2060

*https://www.census.gov/content/dam/ Census/library/publications/2020/demo/ p25-1145.pdf

How Does It Work?

Late-in-Life Income (LILI) is a Qualified Longevity Annuity Contract (QLAC) designed to supplement other retirement account vehicles, like pensions and social security, or a lack thereof. Because LILI is part of the retirement plans offered through Geneva, there are no sales commissions. This results in as much as 15% more income for you, compared to similar retail annuities.

In Partnership with

Who Can Participate?

If you have a retirement plan with Geneva, you may be eligible to participate.

Get Started

Connect with a Geneva team member to learn more


How much should I be saving for retirement?

It really depends. The earlier you start, the more time your money has to grow. But, it’s never too late to start saving! Our retirement readiness team would love to help you construct a plan to reach your goals.

When can my payments begin for QLAC?

When you make your QLAC purchase you choose your payment start date. The payment start date can be anytime up until your 85th birthday.

What is the minimum purchase age for QLAC?

LILI is available for purchase after age 55.

Is there a limit to the amount of money I may use to purchase a QLAC?

Yes. As of January 1, 2022, QLAC premiums are limited to the lesser of $145,000 or 25% of your qualified account balance at the time of purchase.