Introduction to Annuities

An annuity is a contract between an insurance company and an individual. The contract generally guarantees lifetime income to the annuitant. To make annuities attractive to consumers, life insurance companies build in a number of features that provide flexibility and distribution dollars for the annuitants.

Annuities are a good way to get guaranteed retirement income you cannot outlive. If you are planning for your retirement, then you ought to consider whether an annuity makes sense in helping you achieve your retirement financial goals.