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This is financial planner, Patrick Munro, talking to you today about different annuity
rates that are available out there for those that wish to participate in annuities. Rates
are very important whenever you're shopping as a consumer and annuities are no different.
What you want to do is find out companies that are A rated or better, and these companies
compete for your business. What happens is, they have various reserves on file with the
government and because of the instruments that they work with, some are more aggressive
with rates than others. It's important for you to have the best rate available because
of inflation right now, and in times coming up in the future will continue to be high.
So a higher rate on your annuity assures that you're beating the cost of inflation. Working
with a financial adviser that has access to the very latest rates from the top rated insurance
companies is very, very important for you to do so. So the key is for you to check out
your adviser, ask him if he has access to the very best rates from the very best insurance
companies that are out there, and you too, will have the horsepower that's required for
a successful retirement using annuities. That's what we have to say today about annuity rates,
I'm financial planner, Patrick Munro.