Annuities Institute - Annuities Explained

Annuities play a very important role in retirement planning, enabling you to save money and taxes while eliminating the fear that you will outlive your savings. Basically an annuity is an investment contract or policy between you and an insurance company. There are many kinds of annuities - some tailored for income, some for future growth, and some as savings vehicles depending on your exact income and investment needs.

Annuities come in two different basic types: an immediate annuity and a tax-deferred annuity. With immediate annuities, you give a lump sum of money to the insurance company. Based on your age, life expectancy, and interest rates, the insurance company calculates how much they send each month - no matter how long you live.

For more information on each type of annuity available, select the annuity you are interested in from the left column. For direct service, rate requests or a detailed analysis of the program best suited to meet your financial objectives, the Annuities Institute today.