Who Should Go in for an Annuity?

Information you'll need before getting an annuity rate quote, for investment, retirement, or life insurance.

Who Should Go in for an Annuity?
An annuity is a retirement savings vehicle that can supplement your retirement plan.
An annuity can be used if you do not need to access the money invested until after age 59 1/2.
Tax Deferral
Interest grows inside the annuity on a tax-deferred basis. If you are in a higher tax bracket currently but expect to be in a lower tax bracket when you access the annuity, you are in a good position to invest in an annuity.
Max Out Your 401k
If you have reached the maximum that you can contribute to your 401k, an annuity can help you continue to save.
An annuity can be used as an IRA vehicle or a SIMPLE plan.
Special Needs Children
A parent can set up an annuity that will pay expenses for a dependent child after the parent's death.
Death Benefits
Annuities have death benefits that do not require you to submit to medical underwriting.
Suitability of Annuities
National Association of Insurance Commissioners