Guaranteed Income for Life: How Variable Annuities Can Cut Your Taxes, Pay You Every Year of Your Life, and Bring You Financial Peace of Mind

by Larry Chambers and Michael F. Lane

Book Overview

Variable annuities provide investors with the opportunity to receive money every year of their life, no matter how long they live. This text highlights the benefits of annuities and advises the reader... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0070382972
• ISBN13: 9780070382978
• Release Date: August 1998
• Publisher: McGraw-Hill Companies
• Length: 244 Pages
• Weight: 1.15 lbs.
• Dimensions: 0.9" x 6.3" x 9.3"

Customer Reviews

An excellent guide to investing and how the annuity fits in.

With all the controversies of variable annuities today, Michael does an excellent job of showing the appropriateness of the annuity. The book was written at the basic level for the investor, capturing an informative overview of the many different investment options such as stocks, bonds and mutual funds and how the annuity fits into the investor's overall investment strategy. I would highly recommend this book to all investors!

A great guide for financial planners and end consumers.

Having been in this business for 5 years it's nice to find a refreshing look at the real uses of variable annuities and when they make the most sense. Michael is very enlightening in his approach to when a variable annuity makes sense and for whom. He also is very concise in his description of all the factors which contribute to determining the above. In an industry which is muddled with both the pros and cons of variable annuities this book is a straight shot to doing what is in the best interest of the client.

Excellent book...

I've read many different points of view about the value of VAs -- this book explains them clearly. Lane's book shows how tax deferral wroks. He takes you step-by-step so you can see how all the parts relate and why. Read chapters 5 "Suitable Uses of VAs" and ch 18 "Analyzing the Payout" and you will know more than most advisors. Great book congrads.

Great book for Annuity Buyers

I am a novice investor and had no idea what an annuity was. Lane's book gave me the basics of what stocks and bonds were all the way through how to buy and annuity and use it to create a income to last my lifetime. I highly recommend this book.

A must for those considering purchasing an annuity.

An excellent primer on annuities. Any investor should read this book before considering purchasing an annuity. As a financial advisor I found his explanations simple yet definitive. Written in manner that any investor will be able to benefit from Michael's sound advice. While I believe that in general annuities are the most oversold product in financial circles (not becuse they are great product but because sellers earn huge commissions), Michael clearly demonstrates that annuities are appropriate in certain situations and tells you how to avoid the annuities that were designed to be sold not bought. He shows you what to type of product to look for when annuities are appropriate. Highly recommended.