As we age, the quest for financial security becomes more important than ever. For many, annuities can be a key part of that security. But what exactly are they? If you’re 60 or older, understanding annuities can empower you to make informed decisions about your retirement. Here are five intriguing facts about annuities that you might not know! 1. What Exactly Is an Annuity? Let’s start with the basics. An annuity is a financial product designed to provide a steady income stre

Understand the fine print. Every insurance policy has fine print. Life insurance policies may have contestability periods that give the insu

1.   You want to have guaranteed income for life.

Basic forms of annuities include Immediate vs. Deferred, Fixed vs. Variable, Equity-Indexed, and several other options that can include a de