Monday, January 14, 2008

 

Lifetime Annuity Can Cover Basic Expenses

Immediate income annuities are policies issued by insurance companies that, in exchange for a lump-sum premium, can guarantee an income for life. Many financial advisers recommend retirees consider using a portion of their savings to buy a lifetime annuity to cover basic expenses, such as food and housing.

Lifetime Annuity Can Cover Basic Expenses
Source: Insurance News Net

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