5 Tips for Buying an Immediate Annuity. Again, this writer has hit it on the head.
Firstly you need to find an agent or service that will give you quotes using all the same particulars. By that I mean the same amount of money,the same dates of birth.the same deposit and income dates and all done at the same time. If you don’t do it this way you can’t compare apples to apples, so how will you know which one to buy?
Other good advice is to split major amounts of money so that each annuity is covered by whatever insurance is available.If there is,and I believe there will be,another September 2008 you will be very glad you took this precaution.
No one,and I mean no one,cares about your money more than you.This is not an obligation you can pass to an advisor or your brother or sister; you need to look after it yourself.