Annuity Rates
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Generally speaking, an annuity is a
sum of money payable to a person at regularly
specified intervals. Pensions from retirement
annuity contracts and personal pension plans are
usually paid as annuities, as are lottery
payments and some insurance settlements.
An annuity can also be a form of investment.
You can pay a lump sum to a financial institution
such as an insurance company or bank to buy an
annuity, which then pays you a regular income,
usually for the rest of your life. The income
payments from the annuity are generally fixed at the
outset. Watch out for high sales commissions,
expense ratios and penalties for early withdrawals.
There are a number of companies who offer
professional advice & Information
on Annuities. Find Today's Best Annuity Rate.
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