The pros and cons of immediate annuities for older clients

04/15/2014 | (U.S.)

An annuity may provide income for life for older clients, but there are drawbacks. The products can provide more income than bonds and help protect clients against running out of money, according to this article. Immediate annuities are irrevocable, however, and clients may prefer to keep control of their money rather than have any remaining balance go to the insurance company.

View Full Article in: (U.S.)

Published in Brief: