What is Annuity Insurance?
An annuity is a contract between you and an insurance company where you make a lump-sum payment or series of payments and, in return, receive regular disbursements, beginning either immediately or at some point in the future.
When Should an Annuity Insurance Policy Be Considered?
If you are planning to retire, you should consider an annuity policy. Unlike other policies, annuities can guarantee income for the rest of your life, no matter how long you live.
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