And that’s where annuities can play a pivotal role. Seniors often find it difficult to transition from a steady paycheck to living on savings. As a consequence, there is a real fear of outliving ...

There are many financial tools that seniors can leverage ... Life insurance and annuities are two common tools used by this cohort. With life insurance, you pay premiums now, and once you pass ...

That feature can make these annuities critical tools for seniors with serious health conditions. "When you're sick, you can't qualify for long-term-care insurance," says Stan Haithcock ...

Galvin's office fined one bank $3 million for dishonest conduct in selling deferred annuities to seniors. It also required two banks to offer refunds to elderly customers. But the longer the ...

Financial planners and insurance salesmen will frequently try to steer seniors or other people in various stages toward retirement into annuities. Anyone who considers an annuity should research ...

Early annuities were simple but inflexible, which made them unpopular. The main concern was that if someone died just a few years after purchasing one, their remaining capital simply vanished ...

So they consider applying for Medicaid, the joint federal-state program that offers health coverage to eligible low-income seniors ... When people buy annuities, they're often deferred, meaning ...