Are annuities right for you?

The recent recession which began in 2008 took a toll on millions of Americans. Many people lost their jobs, their houses, and faced higher bills while taking home smaller paychecks. It’s scary to work every day and still worry that if anything unexpected happens, the financial future of you and your family may be in jeopardy.

Thankfully, there are solutions.

One tool people can use is an annuity. An annuity is an agreement between you and an insurance provider, where you will give them a certain amount of money to invest, and they will provide you with income for the rest of your life.

If you’re wondering whether annuities are right for you, read these three statements:

1/ I am worried about outliving my financial savings in retirement

2/ I need some financial assistance until my pension kicks in

3/ I need to have peace of mind in retirement, not worrying about how to pay next month’s bills

If you agreed with at least two of the statements, an annuity may be what you’re looking for.

There are two types of annuities, Term-Certain Annuities, and Life Annuities.

Term-Certain Annuities are annuities which continue until a certain age. For example, with a term-certain annuity, you can receive guaranteed income until the age of 80, but if you die beforehand, your estate will receive the remaining payments.

Life Annuities, as the name suggests, is unlike term-certain annuities in that these payments will continue for the rest of your life, regardless of how long that is. Even if you happen to die younger than expected, your family will not receive any money. But at the same time, if you live longer, you will continue to receive payments.

Either way, deciding on which annuity is right for you is a big decision, so it’s important to speak to experts. First step is to visit, where experts can give you assistance for free.

Once you’re on SeniorSurance, make sure you get a free quote for annuity rates so you can ensure that your future is safe, and your loved ones are protected, no matter what happens.