Annuity

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CNNMoney.com  Jul 6  Comment 
I'm considering buying an annuity for retirement income, but I'm wary of doing so because I'm afraid interest rates will rise soon. What do you think -- should I go ahead and buy now or hold off until after rates go up?--Greg, Oklahoma
Motley Fool  Jul 3  Comment 
Annuities can deliver (nearly) guaranteed fixed income streams that can make your retirement more secure. Learn more about them.
Motley Fool  Jun 28  Comment 
These complicated products offer you some insurance, but at a price.
The Economic Times  Jun 28  Comment 
"In tolling, we are regular and serious player in that space. In the last three years, we have been clocking revenues in excess of Rs 1,200-2,000 crore."
Motley Fool  Jun 27  Comment 
The combination of a tax deduction and income for life can be extremely attractive.
Motley Fool  Jun 27  Comment 
These complex instruments are rising in popularity, but there are some potential downfalls to know about.
Motley Fool  Jun 26  Comment 
You don't want to outlive your money. Here's what you need to know about these instruments with a delayed payout phase.
Motley Fool  Jun 25  Comment 
Maybe the simplest of annuity instruments, these do what you'd expect from the name. Here's what you need to know.
Motley Fool  Jun 24  Comment 
If you need some guarantees on your money, read on. Annuities come in a number of forms.
CNNMoney.com  May 25  Comment 
My wife and I plan to retire in five years and our financial adviser is recommending that we move part of our portfolio of stocks and bonds into annuities now to reduce the risk of market volatility and ensure steady income when we retire. Do you...




 
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A financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time. Annuities are primarily used as a means of securing a steady cash flow for an individual during their retirement years.

Annuities can be structured according to a wide array of details and factors, such as the duration of time that payments from the annuity can be guaranteed to continue. Annuities can be created so that, upon annuitization, payments will continue so long as either the annuitant or their spouse is alive. Alternatively, annuities can be structured to pay out funds for a fixed amount of time, such as 20 years, regardless of how long the annuitant lives.

Annuities can be structured to provide fixed periodic payments to the annuitant or variable payments. The intent of variable annuities is to allow the annuitant to receive greater payments if investments of the annuity fund do well and smaller payments if its investments do poorly. This provides for a less stable cash flow than a fixed annuity, but allows the annuitant to reap the benefits of strong returns from their fund's investments.

The different ways in which annuities can be structured provide individuals seeking annuities the flexibility to construct an annuity contract that will best meet their needs.

All annuities have a free look period, a death benefit, guarantees, and annuitization options. Most have surrender periods.

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