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    Should You Buy an Annuity for Your Grandchild?

    by Ken Nuss, CEO / Founder, AnnuityAdvantage Feb 10, 2020 3 minutes

    A trust is one way to leave a legacy, but you'll need to hire a lawyer to draw it up. And there may be ongoing management fees that will reduce the amount your loved ones will receive.

    There are simpler, cheaper ways to leave a legacy. For instance, you can buy a cash-value life insurance policy or fund a 529 college savings plan.

    But one of the best options, an income annuity, is usually overlooked. It's an ideal vehicle for leaving a legacy. An annuity offers unique benefits. It's the only gift guaranteed to keep on giving for

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