When most people hear the word annuity, they think of guaranteed income—and that’s a great start. But annuities are far more versatile than many realize. Think of them as the Swiss Army knife of retirement planning: flexible, dependable, and built for real-world challenges.
Here are a few smart ways annuities can work for your clients:
✅ Guaranteed Retirement Income
The most well-known use. Convert a lump sum into income you can’t outlive—ideal for covering basic living expenses in retirement.
✅ Tax-Deferred Growth
Fixed and indexed annuities grow tax-deferred, making them great for clients who don’t need access to the money now but want safer alternatives to market volatility.
✅ Legacy Planning
Many annuities offer enhanced death benefits, allowing clients to leave a protected and predictable payout to heirs—without going through probate.
✅ Long-Term Care Back-Up
Certain annuities come with income doublers or long-term care enhancements, offering a built-in safety net if health needs change later in life.
✅ RMD Solutions
Annuities can help manage Required Minimum Distributions (RMDs) in a more strategic way—either by satisfying them through income or using features like guaranteed withdrawal benefits to maintain control.
Bottom line:
Annuities aren’t just about income—they’re a flexible planning tool that can help with growth, protection, healthcare, and legacy. If your clients haven’t explored the full toolkit, now’s a great time to show them what’s possible.