What role do annuities play in retirement planning?
Annuities can provide a safe, secure, and guaranteed investment option for retirees. But there are limitations and Best Interest criteria which must be met to protect the senior from financial harm. Insurance companies and regulators are working to ensure all annuity sales are conducted in an ethical, Best Interest process which benefits the senior, their family, and the insurance company.
Answered by Christopher Boyd on March 4, 2025
Agent Licensed in IN, KY, MI, OH, PA & TN
Imagine having a reliable stream of income flowing in during your retirement. That's the magic of annuities! You can purchase an annuity with a lump sum or through regular payments, and it can provide a guaranteed income stream throughout your retirement. Some annuities even offer lifetime income, meaning you'll receive regular payments no matter how long you live. This can be a game-changer for supplementing Social Security and other retirement income, allowing you to live comfortably and worry-free.
Answered by Robert Moore on February 11, 2025
Broker Licensed in IN, AL, IL & 11 other states
Tags: Advice for Seniors Retirement