answersLogoWhite

0

Individuals who are looking for a guaranteed stream of income in retirement and are willing to trade a lump sum of money for regular payments over a period of time should consider purchasing an annuity.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

What factors should I consider when buying an annuity?

When buying an annuity, consider factors such as the type of annuity (fixed or variable), the financial strength of the insurance company offering it, fees and charges associated with the annuity, the payout options available, and how the annuity fits into your overall financial plan.


Should I buy a variable annuity?

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.


What should I consider when purchasing patio furniture?

When considering purchasing patio furniture, you should consider purchasing something that is durable and will withstand what ever type of conditions you live in.


What factors should I consider when purchasing new patio lights?

When purchasing new patio lights you should consider how much light they will povide. Make sure they have a warranty.


What insurance company should I purchase an annuity variable from?

The best way, in my opinion to consider what insurance company to purchase an annuity variable from, is to find a policy that best suits me. Does it offer death benefits? Is it tax-free? And am I at the appropriate age to get an annuity variable without being taxed. You also want to consider whether you want short or long term annuity.


How soon after purchasing a home should I consider refinancing?

You should consider refinancing your home after purchasing it when interest rates drop significantly, typically within the first few years.


Why should I consider purchasing an antique Turkish rug?

You shouldn't.


Why should someone consider purchasing annuities?

Someone should consider purchasing annuities because they provide a guaranteed income stream for a specific period of time or for life, offering financial security and stability in retirement.


Gary needs a specialized IPS to limit his exposure to SQL injection attacks against his web server exposed to the public network He should consider purchasing an?

He should consider purchasing the Application Protocol IDS (APIDS).


What's the most important thing to consider when purchasing child tracking devices?

When purchasing a child tracking device you have to consider many things. The most important considerations should be about the reliability of these devices.


What factors should I consider when purchasing a new bicycle?

When purchasing a new bicycle, consider factors such as the type of riding you will be doing, your budget, the size and fit of the bike, the quality of components, and the reputation of the brand.


Where can I find information on a single life annuity?

If you are living alone, a single life annuity would be the best. However, if you have a family or a wife/husband, you may want to consider multiple life annuity.