Experts Say There Is a Need to Reformulate the Immediate Annuity

The immediate annuity is a double-edged sword. On one hand, the product provides guaranteed income immediately during retirement that can last a lifetime. Financial planners say this makes the immediate annuity a very good thing for people who live beyond their expected life span. People who do not have the financial skills to make their savings last a lifetime, and those who simply want a regular paycheck, should also consider immediate annuities.

Experts Say There Is a Need to Reformulate the Immediate Annuity
Source: Insurance News Net
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