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Learning Center - Frequently Asked Questions
Annuities
Life spans in the United States have been increasing for over a hundred years. It is now common for people who reach retirement age to live 20 years or more in retirement, most of those years in good health. It's good to live a long and full life, but you want to be sure that your income lasts as long as you do, and its purchasing power is as strong as you are. How can you manage the risk of "outliving your assets"?
Annuities are a unique financial product that, along with Social Security, employer pensions, your 401(k) plan, IRA and other assets, can enhance your retirement security. Discuss this option with your VDR insurance professional when mapping out your retirement strategy.
Annuity Basics
Why should I consider purchasing an annuity?
How are annuities different from life insurance?
What are there different types of annuities?
What is the diffence between fixed and variable rate annuities?
And what are deferred and immediate annuities?
FAQs source: Insurance Information Institute. Used with permission.