What Is The Primary Reason For Buying An Annuity Apr 2026

While individual financial goals vary, the overarching driver for most purchasers is creating a "private pension" that provides a predictable paycheck.

Why buy an annuity, are they good investments? | New York Life what is the primary reason for buying an annuity

: They act as a foundational "income floor," helping to cover essential living expenses like housing and healthcare that Social Security or standard pensions may not fully meet. While individual financial goals vary