How do annuities work?

Answer Annuities are purchased from insurance companies by making a stream of payments over time or in a lump sum. You earn interest on your money. Many people use annuities to supplement their retirement... Read More »

Top Q&A For: How do annuities work

How do insurance annuities work?

Life insurance is one of the most important investments you can make in your future and the future of your loved ones. A life insurance annuity is somewhat the opposite of the traditional thought ... Read More »

Do annuities run out after 10 years?

The length of time annuity proceeds are paid out can vary. The payments can be spread out over the lifetime of the recipient, or can be received for a predetermined amount of time, such as a specif... Read More »

Are annuities taxable?

There are several types of annuities, and yes, they are taxable. Annuities are attractive as tax-deferred savings vehicles with insurance-like properties. They use an insurance policy to provide th... Read More »

Taxation of Immediate Annuities?

An immediate annuity is a contract with an insurance company to provide a lifetime or fixed period income to the annuitant. The contract buyer, or annuitant, gives the insurance company a lump sum ... Read More »