Who Should Get Annuities? 
An annuity provides one benefit that is unique , guaranteed lifetime income . Since many people fear that they will outlive their resources , an annuity is a very efficient way to handle this concern . An annuity is an insurance contract and has beneficiary provisions which allow proceeds to be distributed without probate . For many people this is a concern . Because they are insurance products annuities often contained riders that provide living benefits that some will consider very important . 