When To Purchase Annuities? 
You should purchase an annuity when you need a lifetime stream of income . That is what only an annuity can provide . There are other times to purchase an annuity . You need to save towards retirement or some other long term goal and want the earnings of the savings to be tax deferred . An annuity is your solution . You might buy an annuity to realize a greater profit as compared with other long term savings vehicles . 