2 Kinds of Annuities That Actually Make Sense for Your Wallet

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Life or immediate annuities and longevity annuities.

Immediate Annuities

When you retire, you may not have enough money to provide for your monthly needs from savings. So there are companies that turn a supply of money — you typically need a minimum of $100,000 — into a lifetime stream of income. Immediate payout annuities are entirely legitimate, but they have so little in the way of commissions that they’re never pushed by salespeople.

Longevity Insurance

Longevity insurance is a simple insurance product you buy that doesn’t start paying a living benefit until you hit 85!

The idea is that with a longevity policy in place, you could plan to blow through all the cash in your retirement plan through age 84. Because the minute you turn 85, you get a check every month for as long as you live.

Insurers offer a great benefit on longevity policies. Why? Because they know from actuarial tables that most people who buy the policy won’t live to receive any money. But if you do live to age 85, you get that nice monthly check.

Please let me know if you have any questions. I’m here to help! To your incredible FINANCIAL success! “RETIRE BEFORE YOU EXPIRE”

– SHATEKA Husser

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