A major advantage of an annuity is that you cannot outlive your financial resources.

Name: A major advantage of an annuity is that you cannot outlive your financial resources.
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An annuity is a financial product that provides a fixed amount of income over a set period of time, often for the rest of one's life. This feature of providing guaranteed income for life is one of the major advantages of an annuity, as it ensures that individuals will not run out of money in retirement.

A Major Advantage of an Annuity Is That You Cannot