Annuities enable you to save money tax deferred even when you begin to withdraw your money. Many investors will need to rely on their own investments to fund a comfortable retirement and protect themselves from outliving their assets. Annuities have safety of premium, tax deferral, avoidance of probate, liquidity and guaranteed income.
There are many different types of Annuities: Fixed Annuities, Index Annuities, Single Premium Annuities, and Immediate Annuities. Many riders are available with Annuities, like Nursing Care rider, Terminal Illness Rider, Life Income Benefit Rider.
There are many benefits to Annuities, no matter what the market is doing. If your looking to diversify your income and looking at long term security, or immediate lifetime income.