
Why?
We were recently asked why we believe that an annuity can help with your retirement strategy. Three reasons come readily to mind. The first reason is that they can be used as asset protection. Fixed annuities, for example, are safer for your money than volatile investment options. The second reason is the possibility of a guaranteed (backed by the claims-paying ability of the carrier) income stream. An annuity can offer a consistent source of income, which can be valuable in ensuring that retirees have enough money to cover essential living expenses. A third reason is longevity protection; by placing at