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	<title>New answer on: Why Do People Buy Annuities?</title>

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		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/annuities/why-do-people-buy-annuities</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Sat, 15 Jun 2013 20:57:08 +0000</pubDate>

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		<description><![CDATA[There are several reasons why you should look at annuities. Here are a few highlighted features. The tax deferral of annuities is a high value feature if the annuity owner is in a high tax bracket. The fixed rates of annuities, currently between 2.75% and 3.00% (rate change frequently) generally credit more than money markets or bank certificates of deposit. Lifetime annuitization can generate income for the life of the annuitant, no matter how long they live. And your tax free basis is amortized in the payout.
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