Annuities are perfect for some investors

Annuities do have their advantages, lifetime income, inflation protection, and principle protection among others. On the other hand, expect a lower return on your investment, and your money is often locked in. Even so, one Burbank woman found it to be perfect.

Three years ago, on Christmas Day, Gloria Perico lost her husband, Orlando. It was a tough time.

"I was very desperate the day he died, on Christmas morning," said Perico. "I had no idea what I was going to do..."

ABC-7: Annuities are perfect for some investors