I had a relative recently ask me to review an annuity offer they had for over 8% annually, for life. I was blown away at first.  Then I realized we're talking about a couple in their mid 80's. Haha.  Well, they might get the last laugh because they have longevity on their side bigtime and are in perfect health still (the offeror is obviously playing the numbers and offering them a larger than normal rate during their lifetimes...because they figure it's almost over).