You May Live Longer Than You Think: Longevity and Immediate Annuities

Staying healthy is a priority for many people approaching retirement. They eat well, exercise often and manage chronic conditions wisely. However, even those who are very concerned with their physical health may not have paid enough attention to their financial health – saving for retirement. And even though they are concerned with their health, many people cannot grasp how long they’ll live. Longevity rates have been rising steadily since 1900, but studies show that people, for the most part, don’t think they’ll live as long as they do. Using immediate annuities to battle poor financial health and higher life expectancies is a good strategy when preparing for retirement.

Immediate annuities provide an easy way to guarantee income for life. Chances are, even if you haven’t saved a huge amount of money, you have at least a small nest egg to pull from. You can use this sum to purchase an immediate annuity. In exchange for this sum, the annuity issuer will pay you income for life – it is that easy.

Running out of retirement funds is every retiree’s worst nightmare. Having sufficient income ensures that you’ll never face this challenge. With life expectancies increasing every year, there is a 78% chance that at least one spouse in an American married couple will reach 85 years old, and there is a 31% chance that one spouse will reach 95 years old. With Social Security not offering much in the way of living benefits and traditional pensions falling by the wayside, it’s critical now that you have the income available to pay for a longer life.

Are you underestimating how long you’ll live? Call the Annuity Specialists today at 1-888-837-4226 for a free, personalized immediate annuity report laying out your best options. Or you can visit http://www.annuityadviceonline.com to learn more about immediate annuities.