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Home / Retirement Planning

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Annuities

Annuities are contracts that convert an accumulation of money into a series of payments to the contract holder during his or her lifetime, usually during his or her retirement age. Payments are determined by the amount of money, the age and sex of the annuitant that is the person receiving the payments, the mortality experience for people of that age, and the interest rate used by the insuring company.

Some annuities guarantee payments for a fixed period while others guarantee payments of a fixed amount for the rest of physical life. Still others offer a variable payout, which potentially protects the income from inflation although there is an investment risk involved.

Interested in more, perhaps ? Click here to learn more about Annuities and Payout Arrangements

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