Wednesday, 02 January 2019
What are annuities and how do they work? Annuities are both a savings and an income investment that pays out over a period of time. It’s actually a stream of income you can’t outlive. An annuity is a flexible insurance contract that allows retirement savings to grow income tax-deferred and then pay out to you in a lump sum, income for life, or income for a certain period of time.