Columbus, OH, April 27, 2012 --(PR.com
)-- A large number of soon to be retirees and baby boomers are anxious about having enough income during their golden years. While a small portion may be prepared for it, a significant number aren’t. According to a recent article published by Insure4USA.com, one of the country's leading online insurance quotes comparison
services, annuities is the key to preparedness in order to alleviate any income shortfalls. Alex, CEO of Insure4USA.com, says that one of the major steps is to get to know insurance annuities better.
Insurance annuities are a great investment tool provided by insurance companies. However, choosing between a fixed or variable annuity can be a daunting task. While fixed annuities guarantee a monthly income, opting for a variable annuity may result in a lesser or higher financial payout, a factor that worries most investors. Alex says, "Annuities are an efficient way to manage funds after retirement for a specific time period or for the rest of an individual’s life. One of the major benefits is that you get to choose whether you want to be covered alone or include beneficiaries. For many, this could be the only financial security, which is why one needs to analyze their situation closely prior to choosing a type of annuity."
The article by Insure4USA.com also stresses the importance of comparing annuity quotes to find the best offer possible. Alex adds, "Shop around for the best rate. We at insure4USA.com have generated tools to instantly compare annuity quotes. Besides, it is important to do a thorough research and determine the returns on previous investments by the insurance company so that you end up choosing a reliable insurance company and make a profitable investment. Another important factor discussed is the amount that ought to be invested in annuities. For the most part, rates differ based on whether the annuity covers only the holder or if a spouse or other beneficiaries are involved. Rates are also subject to changes in case of death of the recipient and whether a spouse or other beneficiaries are to receive payouts or not."
When asked if there was any specific type of annuity that investors ought to consider, Alex said, "An annuity investment depends on a variety of factors including what age a person decides to starting investing. More importantly, you need to be a shrewd investor and understand the rates and corresponding monthly income that can be derived in order to choose a type of annuity that suits your needs best."
To access the full article, readers can go to http://www.insure4usa.com/Annuity.html
Insure4USA.com is an independent online insurance service which is aimed at providing assistance for insurance buyers in the United States. Insure4USA.com offers simple methods to compare insurance quotes and get insurance policies online. To know more on them, check website http://www.insure4usa.com