5) You want to spread the risk between multiple annuity companies. I spread my principal out between 4 companies in order to reduce the risk with any one company.
You might also look at spreading the annuities out over time ie build a ladder.
OCCUPY ER, <=>
"The needs of the many outweigh the needs of the few, or the one." - Spock
Retired Mar 2014 at age 52
Target AA: 70% equity funds / 28% TIAA-Traditional/ 2% cash
Target WR: 0.0%,
Income from pension, rent, and eventually SS