Speak with a Registered Agent: 1-866-223-2121

Speak with a Registered Agent: 1-866-223-2121

Immediate Annuity and Social Security


While more Americans than ever are depending on Social Security to fund their retirement, most of those recently surveyed don’t think that the money they receive will be enough to live on.  The study was performed by Hartford Financial and could mean big business for their annuity sales.  Annuity News Journal’s article “Social Security Becoming More Important” by Errol Baddoo highlights the results of Hartford’s survey.  Forty percent of those surveyed think that Social Security will be their most important source of retirement income, but eighty-five percent of people don’t think that Social Security will cover all of their living expenses.  This discrepancy means that Americans need another way to finance their retirement to supplement Social Security payments.  Hartford Financial and other insurers hope that annuity products will be that bridge.

Seventy-five percent of those surveyed think that it is their own responsibility to plan for their retirement and are not expecting the government to carry them through.  Purchasing an immediate annuity with savings, 401k, or other funds can help cover basic living expenses in retirement.  Hartford and other insurers have options for fixed annuities, variable annuities, indexed annuity products and others that allow investors many options with low risk.  The recent decline in the economy has made Social Security even less attractive because of tremendous losses.  Annuity products are expected to have a large increase in sales going forward as investors look for products with both lower risk and better guarantees.  Decreases in annuity sales in 2008 and 2009 have already led to increasing sales in 2010.

For more information about the product mentioned in this article contact us here:

Newest Blog Posts

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help. For the fastest response, please select 'Phone' as your Contact Preference.

By providing your information and clicking 'Submit' above, you acknowledge that you have read and agree to this site's privacy policy. You also provide your consent to be contacted at the email address or phone number provided above (including any wireless number) by licensed agents or representatives from or on behalf of AFYI Holdings Group, LLC and other companies to provide the information requested and/or offer annuities or financial products. You understand that these calls or SMS messages may be generated using an automated telephone dialing system, a pre-recorded message, or artificial voice. Consent to receive such messages is not a condition to purchase any goods or services. You may opt out at any time by following the instructions in the messages you receive.  Receiving quotes and information through our website is free, and you are under no obligation to purchase any goods or services as a result of this request. You affirm that you are the subscriber of the provided telephone number or that the subscriber authorized you to provide the number. Message and data rates may apply. AFYI Holdings Group, LLC is committed to respecting your privacy and adhering to all applicable laws and regulations, including the Telephone Consumer Protection Act (TCPA).