Strategize for retirement.
Generate an income stream to supplement your Social Security payments, pension plans, or other employer-sponsored retirement plans.
Generate an income stream to supplement your Social Security payments, pension plans, or other employer-sponsored retirement plans.
Pay for long-term care expenses that allow you to stay in your own home, rather than rely on your children for care.
Fulfill a specific purpose or long-term goal, such as making a charitable gift or providing a legacy for your heirs.
Increase your savings with tax-deferred earnings. Taxes are only incurred when you cash out your annuity.