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 (TSRI 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.