How Are Annuities Used?

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   There are two major uses for annuities.  For a traditional immediate annuity the use is to provide an uninterrupted stream of income that will last until the death of the surviving annuitant.  The deferred annuity has a feature that is very useful and that is the deferral of income tax on the earning of the annuity.  There are a wide variety of specialized annuities that might serve additional purposes but these are the basic uses.

   Answered on August 18, 2014

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