Economic uncertainty is everywhere except one place: annuities. Advisors still don't trust them. But rejecting them as unsafe is a misguided disservice to clients who would benefit from the financial solutions they provide.

The insurance companies that issue annuities can default, of course, but annuitants' money won't disappear. Most headline-grabbing insurance failures involve long-term care or property and casualty companies, which operate on a different business model. By definition, those companies are impaired by unexpected calamities, while annuity providers are immune to floods, fires and illnesses.

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