Longer lifespans, low interest rates, and market downturns can impact long-term financial planning and the ability to cover future expenses, including health care. But there are options that can help.
One possible strategy is the Transamerica Secure Retirement Index II Annuity. It is a fixed index annuity with Index Accounts that provide 100% protection from market losses for premiums and future interest earnings, an initial premium enhancement, and tax-deferred growth potential. For an additional fee, you can also add an optional living benefit so they can secure guaranteed income for life.