Single people need to plan for their own retirement income without a spouse's income as a backup. A fixed indexed annuity with a lifetime income rider provides guaranteed income for life. An independent agent can compare annuity options for single people.
Key Points
- Single people: need to plan for retirement income without spouse backup
- Fixed indexed annuity with lifetime income rider: guaranteed income for life
- Cannot outlive the income stream
- Death benefit: passes to beneficiaries
- An independent agent can compare annuity options for single people