Life annuities are among the most popular financial products for retirement income. An individual who purchases a life annuity is given protection against longevity risk, inflation risk, and market fluctuations. In this blog post we will discuss what life annuities are, how they work, and why you should consider purchasing one during your retirement years. Keywords to include: life insurance, annuity, retirement income An individual who purchases a life annuity is given protection against longevity risk, inflation risk, and market fluctuations. In this blog post we will discuss what life annuities are, how they work, and why you should consider purchasing one during your retirement years. The most important characteristic of a life insurance policy or an annuity contract that determines the attractiveness of such product to individuals is their ability to provide lifelong income for the purchaser. Life insurance provides death benefits but does not offer long-term financial security in terms of providing lifetime monthly payments which can be received by beneficiaries upon death (or at any time thereafter). On the other hand, traditional whole/universal/variable life products do offer lifetime monthly payments but cannot
