Why do consumers hesitate to buy annuities? Because of "loss aversion"---the idea that giving a large lump sum premium to the insurance company feels more painful than the lifetime annuity payments feel pleasurable... and "present bias"---people opt for rewards they can have NOW, rather than later.
In June 2011 the Government Accountability Office (GAO) said that more Americans should consider immediate annuities in retirement. Immediate annuities address "longevity risk" by pooling your money with other people's money and promising to pay everyone in the pool a check for the rest of their lives. The size of those checks depend on what type of annuity is bought and other factors.
The consumers interviewed by Bloomberg in the video (Tom Culos and Kathie Bowman) visited the immediateannuities.com website and requested annuity quotes. After reviewing his options Tom and his wife purchased their New York Life annuity through our agent.
If you would like to receive free instant online immediate annuity quotes visit [ Ссылка ]. Or call 800-872-6684. This service is free and you are under no obligation to purchase your annuity through our service.
