How does an annuity work?

Introduction How does an annuity work? An annuity is essentially a contract between you and an insurance company, where you make a payment (either as a lump sum or through installments), and in exchange, the insurer promises to provide you with regular income in the future. While annuities can vary in structure, their basic operation […]

What is an annuity?

Introduction What is an annuity? An annuity is a financial product designed to provide a steady income stream, typically during retirement. It’s a contract between you and an insurance company, where you make payments (either as a lump sum or in installments), and in return, the insurer agrees to pay you regular income, usually for […]