Unlike with an immediate annuity, if there's a balance when you die, it goes to your heirs.

FORBES: Personal Finance

Consider an immediate annuity as an income producing alternative.

FORBES: Weave Your Own Retirement Safety Net

Unless the tax deferral is truly important, you might be better off investing in tax-efficient mutual funds or ETFs until you need the money, and then converting it into an immediate annuity.

FORBES: Personal Finance

Buying an annuity begins with the immediate loss of 100% of your original investment.

FORBES: The False Promises of Annuities and Annuity Calculators