Investment terms are typically available in 1, 3, or 6-year increments. At the end of each term, you can adjust your options to match your current financial goals.
It allows a retiree to take a portion of their nest egg and "ring-fence" it for the next 10 years. It solves the anxiety of market crashes because the check doesn't bounce, and it solves the fear of illiquidity because the money remains accessible. brighthouse shield level selector annuity
Annuities can be complex. Consulting with a financial advisor can help you make an informed decision. Investment terms are typically available in 1, 3,
Furthermore, interest rates on safe money (like CDs or bonds) fluctuate. Retirees want a paycheck they can count on, but they don't want to lock their money away forever in a traditional pension-style annuity that lacks liquidity. It solves the anxiety of market crashes because