No, really, it is. An annuity provides an income until the date you die. You might live for 5 years in retirement (hope not), or you might live for another 35 years (too long?). Either way, the annuity you buy at the annuity rate set at purchase will live, and die, with you. The longer you live, the better value the annuity. And, your annuity is guaranteed. Not many things in life are guaranteed.

If you are married, and die before your partner, he or she will get a leesser annuity than the one you enjoy, until they die. And, you know precisely at the outset how this will work, and again it is guaranteed.

There is nothing else quite like an annuity! 

This entry was posted on Tuesday, July 22nd, 2008 at 11:27 am and is filed under Annuity rates, General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.