
Longevity Annuities
Should You Buy a Longevity Annuity?
A longevity annuity can provide you with peace of mind during retirement. While not right for everyone, find out if a longevity annuity fits your retirement needs.
Purchasing a longevity annuity is a long term commitment, so as your licensed agents, we want to make sure you know the answers to these 6 questions before buying one:
Leading insurance companies like Guardian Life, Lincoln Financial, MassMutual, Mutual of Omaha, New York Life, Pacific Life, and Principal all offer longevity annuities. When determining which insurance company you should purchase with keep in mind that not all companies sell all products and features in every state!
The easiest way to buy a longevity annuity is online through our website. We only work with A-and-higher rated carriers, so you know you’ll get a reliable product. At Blueprint Income we have the most selection of insurers and the highest payouts on A rated and better products. Some insurance agents, brokers, and financial advisors will also sell income annuities.
Not all financial advisors are fiduciaries, meaning they are not legally obligated to keep their clients best interests in mind while making their financial decisions. If you are asking a personal agent or advisor for assistance in buying a longevity annuity, make sure to know:
While you might want to go with the company that offers the highest payout, those are the companies that are probably rated poorly. The value of a longevity annuity is undeniably linked to the claims-paying ability of the insurance company. The insurer needs to be around at least as long as you are! Buying from only highly-rated insurers is the way to go. That’s why we only offer you A and higher rated insurers on our platform.
Take a look at what kind of retirement savings you’ll be drawing from to purchase a longevity annuity. If you’re drawing from a pre-tax or 401(k) account, then you’ll be purchasing a qualified annuity. If you’re drawing from a post-tax account, you’ll be purchasing a non-qualified annuity.
If you’re still years away from retirement, you should consider buying a longevity annuity as a Personal Pension. You can contribute to an income over time, as prices improve, and have the ability to diversify across carriers — all done automatically through our platform.
At Blueprint Income, we offer longevity annuities from more than 15 top rated insurance companies. Click below to get real-time personalized quotes.
From there, you’ll get access to our annuity guides and team of specialists to help you analyze your retirement finances and walk you through the application process.
A longevity annuity can provide you with peace of mind during retirement. While not right for everyone, find out if a longevity annuity fits your retirement needs.
Longevity annuities have several financial benefits to help make retirement planning simpler, but also have some drawbacks. Find out what a longevity annuity has to offer before you purchase.
There are many features you can add to your longevity annuity so it properly fits your needs. We’ve broken down the options you can select to customize your longevity annuity.