Annuity

An annuity is a contract sold by life insurance companies. The contract guarantees a fixed or variable payment to an individual at a future time. There are many different forms of annuities.

As with any contract, you should read all of the terms and conditions carefully before entering into an agreement to purchase. If you are considering investing in an annuity, the advice of an independent financial manager could be invaluable in determining whether your money will earn the greatest possible return relative to the risks and benefits.