An annuity is an insurance contract that provides a steady stream of income payments over the life of the policyholder. Annuities have been around for centuries and provide a unique financial tool that offers safety, security, and peace of mind. They are one of the most secure investments available today and can offer an income stream that can last for decades.

Not only are annuities secure investments, but they also allow policyholders to plan for retirement with some peace of mind. When an annuity is purchased, the policyholder cannot outlive the income payments from the annuity because the money goes back to the company if the policyholder passes away before the policy term ends. This feature makes it a great choice for those concerned about making sure that their retirement income will remain sufficient throughout their retirement years.

Annuities also provide an additional layer of security for policyholders since they can be customized with additional options. Annuities can be custom tailored with options such as inflation protection and guaranteed minimum withdrawal benefits, which guarantee a base level of income if the annuity value decreases. These additional features help to ensure that policyholders will have an adequate income stream for as long as the policy is in force.

Another benefit of annuities is that they can provide a steady, reliable income stream for policyholders who are not interested in the stock market. Annuities come with a fixed rate of return, and can offer a steady income stream that will generally hold up even in times of market turbulence. This feature makes them an ideal choice for those who are looking for a reliable retirement income.

Finally, annuities offer a complete range of investment options that can be tailored to a policyholder's specific financial situation. From traditional fixed annuities to variable annuities with active asset management, annuities offer a variety of choices that allow investors to select the best option for their retirement goals.

All in all, annuities offer a unique combination of safety, security, and peace of mind that make them an attractive option for retirees looking to secure their financial future. With their ability to provide a steady, reliable income stream, they can be a great choice for those looking to ensure that their retirement years are well funded and secure.