Growing old, retirement and fear of outliving your money can give anyone sleepless nights and anxiety attacks! However, with foresight and careful planning you can avoid the negative impact of retirement. We need only worry when we have no savings or financial plan in place to provide for the latter part of our lives.

Before going any further with this article it is important that readers understand clearly that investments in annuities are safe thanks to the annuity insurance provided by the state guarantee fund. Annuities are created and marketed by insurance companies and the state guarantee fund protects your investment up to a maximum amount of $100000 with the insurance company, in the event the company goes bankrupt.

All through our working lives, we are hard at work saving for a comfortable retired life. However, the reality is the fear of living too long and running out of money can and does plague us, unless we are part of the Fortune 500 list. How do we take care of the retirement stage of our lives successfully? In order to find out how, read this article on the National Association of Variable Annuities, which will help you make informed decisions on how to invest for retirement.

The national Association of Variable Annuities (NAVA) was founded in 1991 and seeks to actively promote the knowledge of variable annuities as well as create awareness about variable life insurance products among its members and the public at large. The organization also helps to create awareness about how investing in variable annuities helps to generate long term tax deferred growth. It is advisable when planning your retirement plan to consider this option and to make use of the online calculator provided to see how variable annuities can fit into your retirement plans and benefit you the most.

A variable annuity is a contract between you and the insurance company; you give the insurance company an amount of money upfront or make installment payments for a set period of time. The insurance company guarantees you a monthly payment for the rest of your life. During the 1980s and 1990s critics of the variable annuities investment plans enjoyed trashing the concept, predicting its early demise and claiming the product’s death benefit as absolutely worthless and not worth consideration. During the period 2001 to 2003 insurance companies paid out approximately 2.8 billion dollars more than the value of annuities.

According to the National Association of Variable Annuities, this was one of the clearest indicators ever of the value of guaranteed payments. The basic death benefit which is one of the features of the product ensures that the beneficiaries of the investor receive either the purchase payment or market value of the annuity, whichever is higher.

According to NAVA most variable annuities have begun offering enhanced death benefits, allowing investors to lock in market gains periodically to protect against future volatile market conditions. The insurance protection these annuities enjoy inspires confidence in the investor to stay invested.

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