{"id":352568,"date":"2017-05-31T18:26:06","date_gmt":"2017-05-31T23:26:06","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/consumer\/insurance\/annuities.html"},"modified":"2024-01-02T14:41:29","modified_gmt":"2024-01-02T19:41:29","slug":"annuities","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/consumer\/insurance\/annuities.html","title":{"rendered":"Annuities"},"content":{"rendered":"\n
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Annuities<\/h1>\n
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\n By Oni Harton, J.D.<\/a> | Legally reviewed by Melissa Bender, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

In planning and preparing for retirement, you can consider many investments. Annuities are one type of investment that is growing in popularity.<\/p>\r\n

Annuity products allow you to invest a lump sum and receive a steady income stream. This article will discuss investment options available through annuities.<\/p>\r\n

What Are Annuities?<\/h2>\r\n

An annuity is an investment account<\/a> issued by an insurance company that allows a person to have a guaranteed income as part of a strategy to build future income.<\/p>\r\n

When you enter into an annuity contract, you set money aside. The balance experiences tax-deferred growth yearly without tax liability to the annuitant (investor).<\/p>\r\n

When you own an annuity, you get a stream of future payouts on a timetable you control. You can use an annuity to reach your financial goals and improve your financial strength.<\/p>\r\n

In exchange for your lump-sum payment, the insurance company agrees to give you benefits, including:<\/p>\r\n