Because annuities are tax deferred your money multiplies faster.
So you’ve taken all the steps to protect yourself from disaster due to medical conditions and it’s time to think about how to protect your finances over the long term. What has that CD that you’ve rolled over for 10 years done for you? The rate of interest for a CD is virtually always less than that of an annuity, and many annuities offer guaranteed rates. Certain annuities offer an option of paying monthly interest to you, some offer bonuses for satisfying certain requirements such as leaving it for 5-10 years then taking 10%/year (that is an example, different annuities offer different terms).