An annuity can provide both guaranteed income and principal protection for your retirement funds while in retirement or saving for retirement. Annuities may provide additional bonuses to your account, provide lifetime benefits, and generally manage market risk very efficiently. No other financial can do this. A pension for example is a form of an annuity.

There are different types of annuities and it is imperative to pick the right kind of annuity that meets your needs. Remember, the financial guarantees an annuity offers are the sole responsibility of the issuing insurance company.