Annuities are contracts issued and distributed (or sold) by financial institutions where the funds are invested with the goal of paying out a fixed income stream later on. They are mainly used for retirement purposes and help individuals address the risk of outliving their savings. Upon annuitization, the holding institution will issue a stream of payments at a later point in time.
What Is an Annuity?
Leave a Comment / Finance, Uncategorized / By Zaviad Team / August 23, 2021 August 23, 2021 / 1 minute of reading