An annuity is a contractual financial product sold by financial institutions which are designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time.
An annuity is a contractual financial product sold by financial institutions which are designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time.