What Is The Primary Reason For Buying An Annuity -

: They act as a foundational "income floor," helping to cover essential living expenses like housing and healthcare that Social Security or standard pensions may not fully meet.

: Fixed and indexed annuities insulate principal from stock market downturns, ensuring that a person's retirement baseline is not compromised during economic instability. what is the primary reason for buying an annuity

Why buy an annuity, are they good investments? | New York Life : They act as a foundational "income floor,"