Investment & Retirement

What are annuities?

Wayne Fraser |

2 years ago

Last updated: 29/10/2023 at 07:23 AM


Annuities are investment products sold by insurance companies, allowing for lump sum or installment investments that grow over time. They are an excellent choice for retirement planning due to the stable and dependable income they provide during retirement years. The most significant benefit of an annuity is the fixed monthly payments to the investor once it is converted to cash, providing extra income that is crucial, particularly since social security may not be sufficient in the future. So how do annuities work? An annuity is a contract between an insurance company and an individu

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Post Comment

Jun 20, 2023

There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable.

Renee W.

Sep 03, 2023

My dad had an annuity that took care of him and mom for many years before they passed away. I think they are very good investments.

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