An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.
 | | Annuity | | An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees. Annuities are created and sold by financial institutions, which accept and invest funds from individuals and then, upon annuitization, issue a stream of payments at a later point in time. The period of time when an annuity is being funded and before payouts begin is referred to as the accumulation phase. Once payments commence, the contract is in the annuitization phase. | | Breaking it Down: | | Annuities were designed to be a reliable means of securing a steady cash flow for an individual during their... | | Read More » | | An Overview of Annuities | | As part of your overall investment strategy, annuities may add value to your retirement in more ways than you think. Here's how they work. | | Read More » | | | Life insurance versus annuity | | Are you thinking of buying insurance? There are certain scenarios in which investing in insurance is a savvy move. But expect a big chunk of your money to go toward fees. | | Read More » | | | Present and Future Value of Annuities | | Do you want to invest in annuities that get you a series of payments over a period of time. Here's everything you need to account for when calculating the present and future value of annuities. | | Read More » | | | Income Annuity | | An income annuity is an annuity contract that is designed to start paying income as soon as the policy is initiated. | | Read More » | | | Variable Annuity | | A variable annuity is a type of annuity contract that allows for the accumulation of capital on a tax-deferred basis. | | Read More » | | | Annuity Due | | Annuity due is an annuity with payment due immediately at the beginning of a period instead of at the end. | | Read More » | | |  | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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