If you're investigating annuities, this article points out that annuities have been around for quite some time. Annuities are known as a staid and remarkably vanilla place for your money. Like the evolution of automobiles, annuities are not what they once were. New and improved annuities come in more than black, four tires and a steering wheel. Annuities have evolved to provide many features to consumers meeting a myriad of needs. However, it is the basic principal of savings, tax deferral, the protection and claims paying ability of an insurance company along with the ability to create an income you can't outlive that make annuities an important consideration to one's financial strategy.