The Gift of a Lifetime

Lifetime income annuities may not be a good fit for all, but for those who have them, they are wonderful supplements to their Social Security and pension payments. As agents sell to their clients, they need to pay close attention to the suitability questionnaire, because some people don't fit the criteria of risk that insurance companies want to take on, owing to the possibility of a customer needing full access to his money if there's not enough liquid cash on hand. For these reasons, you have to be fully educated about the workings of the modern annuity. They have an obligation to make sure guaranteed lifetime annuities are part of their clients' financial-planning process because of the wonderful peace of mind these products give.