A good way to describe life insurance is "protection against dying too soon." Annuities are the flip side of life insurance and can be described as "protection against living too long." This is becoming a major concern in every industrialized nation as advances in health and modern medicine see people living longer than ever before. Annuities are designed to accumulate funds to be used later to protect the annuitant from outliving their financial resources. They can also be used as a vehicle that allows someone to draw a Monthly Income without eating away at the initial principle. This preserves your savings for generations to come. Annuities were also created to be safe money storage vehicles that provide excellent tax deferred growth over long periods of time. The money never has to be annuitized into a lifetime income payment but that is always an option available per the needs of the investor. If you have savings you don't want to take a chance of losing, but are still looking to receive growth and earnings, then an annuity may be an excellent place to store your money.

There are essentially two categories of money storage vehicles:

1) Safe Places that provide control against loss with a guaranteed amount of Interest. These are places to put money you do not want to take a chance of losing. Some examples of these would be annuities, savings accounts and certificates of deposit.

2) Risk Places are those that you do not have control over loss. This is money that you are willing to take the chance of losing in exchange for the potential of high gains. Some examples of these would be stocks, mutual funds, real estate, commodities and money market accounts.

The current financial landscape in America is volatile. Inflation is rising faster than the growth of wages. The American dollar is rapidly losing value against the Euro. The price of oil is rising swiftly, and the American stock market is unpredictable. These turbulent times make purchasing an annuity a great option for most people.

Christopher Madden Associates:
At Christopher Madden Associates we represent the largest companies in the industry, which offer the most advanced annuity products you can find. Some of these companies offer bonuses as high as 10% on all money invested in your annuity during the first five years! No matter your age, getting this kind of outstanding return in a safe money storage place makes these annuity contracts an excellent option as part of your overall financial portfolio. Contact your Christopher Madden Associates advisor today for a free financial inventory so we can determine if an annuity is right for you.