Consumer's Guide To Annuities
Do you know where you will find the money to help meet your
day-to-day living expenses when you retire? This booklet talks about one source
of retirement income known as an "annuity."1 It explains how an
annuity works and discusses the different kinds of annuities you may wish to
think of buying.
Annuities, like life insurance policies, are forms of
financial protection. You should tailor any decision to buy an annuity to your
own needs. To do so, talk with a qualified life insurance producer or financial
1 Group annuities that are provided by employers or
union sponsored pension plans are not discussed in this guide.
2 If you have questions about annuities that are not
answered in this booklet, you might want to call the National Insurance
Consumer Helpline at (800) 942-4242.
NICH is a consumer information telephone service sponsored by
insurance industry trade associations. Trained personnel and licensed producers
are available to answer questions about insurance sources and to send consumer
brochures on request.
The Helpline operates from 8 am to 8 pm, Eastern Time, Monday