An annuity is money that comes from an investment and is paid out regularly over a fixed period of time. You can buy an insurance policy that is an annuity. An annuity is a contract between you and an insurance company under which you make either a lump sum payment or a series of payments, and in exchange, the. Annuities involve persons or legal entities in capacities as owner, annuitant, beneficiary or payee. The same person can be both owner and the annuitant. An annuity is an investment or insurance policy that pays someone a fixed sum of money each year. Annuities are powerful financial instruments designed to provide guaranteed income for life. Whether you're planning for retirement, seeking long-term.
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