Life Annuities Must Be Shopped

When you are buying a life annuity; your need to shop the life annuity market.

Many people, we hope not most, tend to take the life annuity quotes submitted by their advisor or bank. That is just plain foolish. There are many life insurance companies that offer life annuity quotes and you need to see them all before making a decision. Some companies may just offer life annuities for a select sex or age group or perhaps only for joint quotes, but unless you shop, how will you ever know?

And if you shop today but decide to wait another month or so,you need to the whole life annuity shopping process over again to be certain you,re getting the best income. The income you are signing up for can,t be changed so make sure you’re getting the best deal. There is no other guaranteed income to equal that of a life annuity.