Do You Need Lifetime Income

Lifetime pensions from companies are going the way of the dinosaur. Consequently, the thing most people nearing retirement are worried about is outliving their nest egg. People long for the safety a pension provides- monthly income that lasts a lifetime.

Well, there is another way to achieve this and that is through lifetime annuities from insurance companies. Insurance companies provide insurance against risks, be it accidents, flooding, etc. Longevity risk is the risk of outliving your retirement money, and insurers are willing to make policies on this risk factor as well.

Annuities are rising in popularity as the number of Americans who are nearing or in retirement increase.  Lifetime Annuities are a great fit for many, and guarantee a lifetime income regardless of how long you live.

There are many types of annuities that in various ways can offer lifetime income.  One way is to purchase the guarantee of lifetime income with one lump sum premium up front. The amount of your monthly payment will be determined by your age, location of residence, gender and the amount of your lump sum premium.

Lifetime annuities offer the security of income without the risk of eroding your principal base.  There are literally thousands of ways to guarantee income with lifetime annuities, and the selection process can get quite involved.  Before making any purchase decision, you will want to address questions of return on your investment, return of your principal, credit quality of the issuing company, flexibility of premium payments, inflation, and other issues.

We detail these and other decision factors that you should address when seeking lifetime income in The Annuity Report and invite you to Contact Us for more information on this process.