There are some major fears going on in our society right now, and many of them center around finances. After all, in a world with a ton of uncertainty, you can’t blame anybody who feels a little uneasy about their money. This is especially true for Baby Boomers who are approaching, or who have recently retired. A lot of people from this generation are most afraid of outliving their money, and this is something that must be accounted for during retirement planning.

There is no sugar coating things - if you do not plan for retirement, you may end up realizing those fears that plague so many. However, the good news is that there are options out there for those who want to bring a safety net with them into their golden years. And, for many of these people, it is an annuity that can make a major difference.

Of course, different annuities do different things, and you can’t just pick the first one you find. It is important to do research, and work with a team that can point you in the right direction. But, it is also critical to have a general understanding of some important goals that you want to accomplish with your finances.

Is your current primary objective just making sure you have enough guaranteed income so that you can’t possibly outlive your cash flow? Global Atlantic offers a Forecertain Income Annuity, and there is a big hint in the name of the product. This Single-Premium Immediate Annuity (SPIA) allows you to convert some of your retirement savings into a lifetime of guaranteed income. How much money you end up receiving will depend on when you want payments to start, how long you want payments to last, and whether you are buying the annuity jointly with a spouse.

The Global Atlantic Forecertain Income Annuity leaves very little to question. After your initial payment, you will receive guaranteed income, and you don’t face any charges or fees. The only questions that determine how much money you end up receiving are how long you live, and the income option that you originally select. Incredibly, this annuity provides nine different options for your plan, including a number of variations based on duration, number of people, and death benefit choices. There are also options that account for inflation, protecting your premium in the case of death, legacy planning, and more.

At its heart, this annuity seeks to provide people with reliable income, supplement lifetime income needs, and become a bridge to delay and maximize other income sources. If you are searching for a basic way to turn a portion of your retirement savings into a major safety net of guaranteed income, the Global Atlantic Forecertain is worth a look.

However, it is worth remembering that there are many potential features of an annuity that the Global Atlantic Forecertain simply does not bring to the table. For those who are interested in growing their money in a powerful way, and utilizing an annuity to take advantage of positive markets while avoiding the risk of times of negativity, this annuity doesn’t stack up. Additionally, those who want to receive a little long-term care assistance from their annuity also have better options available in the annuity marketplace for that specific purpose.  If you're looking for a reliable, consistent and secure pay check in retirement, Global Atlantic's ForeCertain Income Annuity may just be the one to consider.