RECENT NEWS  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...
Reuters  May 23  Comment 
Britain's Legal & General Group said on Monday it will buy 3 billion pounds ($4.4 billion) of annuity liabilities from Dutch insurer Aegon .
MarketWatch  May 18  Comment 
There’s a case to be made for the approach
Motley Fool  May 15  Comment 
If you don't have any pension income coming to you, you might consider buying an immediate annuity. It's kind of like buying yourself a pension.
The Australian  May 3  Comment 
Challenger chief Brian Benari will be feeling a lot better than many of his financial services industry colleagues today.
NPR  Apr 27  Comment 
An annuity can be a smart retirement investment for many people, providing a steady income for the rest of your life. But they can be overpriced, opaque and hard to understand. Here's the 411.
Mondo Visione  Apr 21  Comment 
The Financial Conduct Authority has today published a consultation on its proposed rules and guidance for the secondary annuity market. In March 2015 the Government announced that it would extend the pension freedoms to those who had already...
The Times of India  Mar 28  Comment 
Finance Minister Arun Jaitley, in line with his vision of creating a pensioned society, took two steps in this direction in the Budget. He allowed withdrawal of 40% of the NPS corpus on maturity without any tax.And he waived off the service tax,...
Motley Fool  Mar 27  Comment 
These insurance products often come with hefty fees.


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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