Fixed-income annuities with guaranteed lifetime withdrawal benefits or income riders can offer several advantages when used as longevity insurance, writes Robert Klein of Retirement Income Center. The products offer a flexible start date for withdrawal, a defined investment value that can grow over time and strong annual payouts, he writes. A financial planner should conduct a thorough analysis to identify the best combination of deferred and fixed-income annuities to meet longevity needs, Klein writes.

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