InsuranceAgents.com suggests investing in annuities now to provide income at a later date.
Chicago, IL (1888PressRelease) November 30, 2009 - Recently, the unemployment rate in America just broke 10 percent, with almost 200,000 more jobs cut in October. In an economy where more and more people are losing jobs and income, Americans who have managed to make ends meet now are looking to tomorrow, wondering if personal financial stability in the future is possible.
A recent InsuranceAgents.com article, “Using Annuities To Offset a Fixed Income-Less Future,” demonstrates how obtaining a steady income in the future is all about where one makes their investments now. When a person gets along in their years and approaching retirement, a fixed income is no longer an option. Instead, they may want to look into the benefits of annuities.
“If [retirees] run into complications with their pension plan or simply do not have an option in terms of funding [their] retirement then an annuity might be up their alley,” according to InsuranceAgents.com. “Annuities are not for everyone but are a popular investment for those who like to think of ‘the big picture’ in terms of what the future holds.”
If an individual is considering investing in an annuity, they should first know that there are a variety of annuity types, and that none of them are a one-size-fits-all plan.
Two basic types of annuities are immediate annuities and deferred annuities. Immediate annuities allow investors to begin receiving income from it once it has been issued, and the investor an decide how long they wish to receive the benefit. Deferred annuities, on the other hand, are long term investments where the investor pays into it over a set amount of years and receives a benefit at the end of the term. These are more geared toward retirement funds.
Both of these annuities are available in either a fixed or variable form, the former being a less risky investment than variable. However, variable annuities have a chance of yielding a higher profit. To find out which kind of annuity, if any, are right for a person, they should contact first their life insurance agent and seek their professional advice.
InsuranceAgents.com suggests investing in annuities now to provide income at a later date. 
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