A financial vehicle that pays out a fixed stream of payments to an individual. It is a long-term investment that is issued by an insurance company and is designed to help protect people from the risk of outliving their income.

Through annuitization, the purchase payments (what you contribute) are converted into periodic payments that can last for life.

It is a contract between an annuitant and an insurance company, under which you make lump sum payments or a series of payments. In return, the insurer agrees to make periodic payments to you beginning immediately or at some future date.

A type of annuity that converts a single premium or a lump sum into a stream of income payments.  The contracts are usually based on the age and interest rate at the time of purchase.

A type of annuity contract that delays income, installment, or lump-sum payments until the investor specifies to receive them. It has two main phases: the savings phase (when you invest money into the account) and the income phase (when the plan is converted into an annuity and begins paying the account owner). A deferred annuity can also be fixed or variable.

• Safety And Security
• Liquidity
• Yield
• Lifetime Income Supply