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Should I buy a variable annuity?

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Anonymous

13y ago
Updated: 9/16/2019

If you're retired and have barely enough money to meet your annual expenses or fear that you will outlive your capital, then consider purchasing an immediate annuity. You'll get a guaranteed income stream, even if you outlive your annuity's principal. Of course, if you die tomorrow, the remaining balance of the annuity goes to the insurance company. For some, that's a risk worth taking to gain some peace of mind.

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Wiki User

13y ago

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