Annuity

THE IMPORTANCE OF INCOME

What is an annuity and how it works?

 Annuities are essentially insurance contracts. You pay a set amount of money today, or over time, in exchange for a lump-sum payment or stream of income in the future. The type of annuity and the details of the particular annuity can determine the payouts you’ll receive. You don’t have to be insurable to open an annuity.

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