The Savings Game: Understanding an Annuity Before You Buy It

Stan Haithcock
Stan Haithcock
January 24, 2021

Once again, Elliot Raphaelson is providing “annuity truth” to his readers. I always appreciate when he reaches out for insight and a Stanism soundbite. His recent article on January 21, 2021 “The Savings Game: Understand an annuity before buying it” is a timely piece about the safety of annuities during uncertain times.

As he factually points out, annuities have multiple layers of “backing” and are a safe transfer-of-risk alternative to stock market type investments. Not only is the contractual annuity guarantee backed up by the claims-paying ability of the carrier, but each state also provides a State Guaranty Fund ( to give more protection for the consumer.

Some annuity types guarantee full principal protection, while other types guarantee an income stream you can never outlive. That lifetime income guarantee is unique to the annuity category and was the original strategy when annuities were introduced in the Roman Times.

With more than 10,000 baby boomers reaching age 65 every single day, Elliot’s article is a welcomed and refreshingly factual take on the truth about annuities and the safety they can provide. The annuity industry should use this article as part of their promotional strategies. The content is that important.