Is This A Good Time To Buy An Immediate Annuity?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The best time to purchase an immediate annuity is when you need to establish a lifetime income stream. This is the unique feature of an immediate annuity. You cannot live too long because the insurance company continues payments for as long as you live. If you have a sum of money and want to maximize the monthly income, an annuity is usually the best option.
    Answered on September 18, 2014
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