Immediate Annuities
An Immediate annuity is probably what most people first think about when they hear the word annuity, although there are so many different types (as we’ve been discussing) that it depends on which ones you’ve encountered as to which comes to your mind. Probably the first type of annuity was the Immediate Annuity. This product […]
What is an Annuity?
An annuity is basically a savings or investment vehicle offered by an insurance company. It should not be considered an investment technically, because it is not. And it should not be considered a bank savings account, because it is not. But different types of annuities have features that might be very similar to these other […]