Mar 28, 2025 · An annuity is a contract purchased from an insurance company with a large lump sum in return for regular payments, commonly used as an income source in retirement.

Aug 21, 2025 · What Is an Annuity? An annuity is a contract between you and an insurance company to cover specific goals, such as principal protection, lifetime income, legacy planning or long-term care …

Nov 25, 2025 · At its most basic level, an annuity is a contract between you and an insurance company that shifts a portion of risk away from you and onto the company. There are 2 basic types of …

6 days ago · What happens with the annuity once you decide to start your income stream? If you’ve purchased a guaranteed income rider, as most people do, you remain invested in your FIA, RILA or …

Dec 17, 2025 · An annuity is a contract from an insurance company that provides the buyer with a fixed or variable income stream.

3 days ago · But what is an annuity, and how does an annuity work? When people do an online search for an “annuity definition,” they often find that an annuity is a contract with an insurance company. …

Annuities are commonly issued by life insurance companies, where an individual pays a lump sum or a series of premiums in return for regular income payments, often to provide retirement or survivor …

Oct 3, 2024 · An annuity is designed to provide a steady stream of income while you’re alive. A life insurance policy is designed to protect your loved ones financially after you die.

Jul 24, 2025 · An annuity is a contract with an insurance company. With income annuities, you give them a pool of your money, and they send it back to you as a stream of income.

Apr 11, 2025 · Annuities are insurance products designed to provide you with regular income—often for life. Many also have investment components that can potentially increase their value (and your income).