Why would i buy an annuity
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Many reasons
Annuities offer several benefits.
1. Tax deferred growth. The growth of your money is tax free until you take it out.
2. Death benefits. Your beneficiaries will have a death benefit – equal to or greater than the original amount invested.
3. Living benefits. Some variable annuities offer riders that allow you to have a worst case minimum on your money of 6% per year – up to 10%.
4. Investment options. Available investment options might include hard assets, commodities, and long/short type of accounts that bet against inflation and the dollar.
5. Income for life.