Fixed Annuities have features that can provide economic stability:

They have safety, guarantees, and security. As we accumulate funds for retirement and other important life goals, safety becomes an important goal. Annuities are contracts with written guarantees in place to provide specific benefits that can be customized in order to accomplish a wide range of personal goals. The combination of guaranteed yields and written contractual provisions provide the basis for safety and security. Every fixed annuity sold in the United States is backed by liquidity and safety. The insurance company guarantees the annuity and is required by every state to place reserve funds in the State Guarantee Fund. The amount of the guarantee can vary based on the individual state regulations.