1. 11783 POINTS
    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    Do annuities work? Better than anything out there that claims to be annuity like. Annuities provide a safe secure place to invest money for growth in a low risk environment.

    Immediate annuities provide for a lifetime payout that the insured cannot out live the payments, even if the insured lives well past the annuities projected payout.  Also, today's immediate annuities come with COLA adjustments to keep pace with inflation and guaranteed payouts to beneficiaries if the annuitant dies early.
    Answered on May 17, 2013
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