InsuranceAgents.com releases a guide outlining procedures and precautions for rolling over pensions to annuities.
Chicago, IL (1888PressRelease) December 24, 2009 - Let's face it: jobs aren't the only thing being slashed in this economy. Employee benefits are also being cut-particularly pensions. And for the employee that has worked long years at a company and is looking for an alternative to a cut pension, there is another option. A recent InsuranceAgents.com article, "Breaking Down the Pension to Annuity Rollover," explains the option of rolling over an employee's hard-earned pension into an annuity to solidify their chances of cashing out in the long run.
"[P]ensions have been known to be dropped and that leaves the individual with no income to fall back on for retirement. A pension to annuity rollover is a safer bet because you are guaranteed a return on your investment as long as you choose the life insurance company that you purchase the annuity from carefully," according to the InsuranceAgents.com article.
However, any employee who is considering doing this should first prepare accordingly.
First, they should use only reputable insurance rating agencies before deciding on a life insurance provider to purchase their pension to annuity rollover from. The agencies will help them find only the most trusted life insurance companies to invest their pension with.
Second, employees considering a pension to annuity rollover should know that this investment is not for amateurs. The biggest financially rewarding annuities usually benefit the educated, mature and responsible investor, one who has done their homeowner on pension to annuity rollovers.
The main thing to keep in mind is to only work with qualified and highly rated life insurance providers. Annuities have a stronger chance of success in today's economic climate than pensions do. Employees should talk to a life insurance agent to weigh their options and find out if a pension to annuity rollover is right for them.
InsuranceAgents.com releases a guide outlining procedures and precautions for rolling over pensions to annuities. 
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