An annuity is a financial product that provides a stream of income over a set period. Annuities are often used in retirement planning as a way to generate income from a lump sum investment.

Annuities are investment contracts issued by financial institutions like insurance companies and banks. When you purchase an annuity, you invest your money in a lump sum or gradually during an ...

Because annuities offer advantages like regular lifetime payments, premium protection, tax-deferred growth, unlimited contributions, and various investment options, they should be a part of your ...