Are you charitably inclined? Many nonprofit organizations offer gift annuities. The rate might be slightly lower, but there is no middleman making a profit. The proceeds can be directed into a fund that you predetermine.
For example, if you have a gift annuity with a university and there are proceeds left, they could fund a scholarship named for you and/or a family member.
Charitable gift annuities can be for one or two lives. Also, you can know what kind of endowment the charity has, which is an indicator if they will be around for your lifetime.
Good luck with your decision.
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