The answer to that is there is no perfectly simple way for anyone to stand back and say,
“This is the annuity for you”.
With a little work and the help of a trusted financial advisor, you should be able to find the annuity product that is most suited to your individual situation. It is highly recommended that you do as much research as possible, and take advantage of our many years of annuity expertise.
We recommend you first establish what your financial goals are. You should only consider purchasing an annuity if you have fully funded or intend to fully fund your IRA, 401(k), or 403(b) for the year.
These are before tax investments and are the first step in planning your financial freedom. However, if you have already taken care of those investments and still have funds to invest, an annuity can offer significant tax advantages to complement your investment portfolio.
If you know already what you want then your next step is to find a financial advisor to help you determine which of the many options are best for your situation. If you have an idea as to a specific product after having done your research, then you may want to contact an experienced financial advisor.