Who buys deferred annuities?
Anyone interested in safety and accumulating more dollars for the future should consider deferred annuities. They are an excellent alternative to conservative investments like bank CD’s, passbook savings accounts, money market accounts, Municipal Bonds, and Treasury bills. Protection in the event of a catastrophic illness Annuities, although usually purchased in order to provide a source of income for retirement, are occasionally shelter assets so that individuals purchasing them can become eligible for Medi-Cal. Flexible payout options Life Only Annuity – Income will continue for the rest of your life, regardless of how long you live. This option produces the greatest income, but upon death the income stops, with nothing remaining for beneficiaries. Life With Period Certain – Income will continue for the rest of your life, regardless of how long you live. But if death occurs within the Period Certain, which you specify, income will continue to your beneficiaries for the remainder of t
