Buying an Annuity Includes Buying Life Insurance

                       

You buy an annuity with a lump sum payment or you can make a series of payments Your payments grow tax-deferred at a fixed or variable rate.

An annuity always includes a life insurance factor.]with a death benefit. You pay for that benefit.

The question to ask yourself up front:  Do you need or want that death benefit at its cost? (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)