Look for "A" or better ratings from agencies like or Standard & Poor's .

: Payouts vary significantly between providers.

They are a convenient option if you already have a relationship with the institution.

: Many retail banks sell annuities through their investment or insurance departments.

Buying directly often provides the widest range of product types and features.

: Since an annuity is a long-term contract, the insurer must be financially stable to pay you out years from now.

You can buy an annuity from three main types of financial institutions: , banks , and brokerage firms . Where to Buy