As baby boomers retire, many without traditional pensions, they must shift from accumulating savings to generating income. The key question is, “How can I make my money last?” This transition is challenging but essential, and annuities are designed to ensure retirees’ income lasts and supports a secure lifestyle.

• Demonstrate an understanding of the purpose and application of annuities
• Describe the basic types of annuity products
• Explain the operation and function of fixed, indexed, and variable annuities
• Articulate how an annuity's product features can support the need for income during retirement
• Explain the basics of two annuity-based products specifically designed for retirement income: deferred income annuities and qualified longevity annuities
• Demonstrate an understanding of how annuities are taxed