Life Insurance Quotes

Buy annuities

"I don't want to read. Just let me buy annuities online."

How to buy annuities

In retirment planning through annuities, there are 4 steps. Don't worry, we'll go through them in detail. (Or call us at 1-800-823-4852 if you would rather go through this with a live person.)

  1. Anticipate your retirement needs
  2. Select a type of annuity
  3. Get quotes
  4. Apply

Retirement needs

Anticipating your retirement needs means estimating what your monthly expenses will be during retirement.

You don't need to guess how long you think your retirement will last (unless you want to) because, as a rule, annuities pay a pension until your death (or until both you and your spouse are dead). The name for annuities that pay lifetime pensions is life annuities.

So how much will your monthly expenses be during retirement? Your current monthly expenses may be a good baseline, but there are a few additions and subtractions to make:

Remember that during retirement you presumably won't financially support any of your children, so your retirement expenses may be lower. Your pension will be paid in US dollars, and inflation keeps devaluing the dollar's buying power (at an average of around 4% per year for the last 20 years), so your retirement expenses may be higher. Many people downsize their living conditions after retirement, so your retirement expenses may be lower. Yes, there is uncertainty in these estimates. If you'd like counsel, contact one of our brokers: 1-800-823-4852.

Types of annuity

Select a type of annuity based on what degree of security is most comfortable to you.

How long should your pension last? Your lifetime? Your lifetime and your spouse's? A lifetime or guaranteed minimum duration?  A guaranteed maximum duration?

How should your pension accrue interest? At a fixed rate or based on your investment decisions?

Should your annuity start paying out immediately (buy immediate annuities) or at a time to be determined in the future (buy deferred annuities)?

Get quotes

You can shop prices for annuities over the phone or instantly using forms on this website. Our service people will endeavor to assist you with any type of annuity you choose. Our personnel are available for free consultation M–F 8:30am–5:30pm PST.

Apply

Why do you have to apply? Can't you just make your purchase? The reason is that the financial risk an annuity carries varies from client to client, rather like life insurance policies. Life insurance becomes expensive for the life insurance company if you die very soon; annuities become expensive for the life insurance company if you die very late.

Applications tend to run rather long, but at Wholesale Insurance, we'll do most of the work for you, at no cost. And you're never obligated to buy until you actually start paying.

If you shop with us over the phone, we can collect the information we need to complete the application during the same phone call. If you're shopping online, we'll request a phone number and email address after you've chosen the annuity product you want to buy (and seen the price you'll pay). We'll contact you to collect the needed information and to answer any questions.

Talk to an Advisor

A licensed insurance advisor can explain your options and help you choose the right life insurance for your needs.

Call: 1-800-823-4852

Chat: Live Advisor Chat

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A few of the carriers we quote