annuities explained


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Simple Explanation of Annuities Annuity is a financial instrument that serves a wide range of purposes, from risk reduction to high-return long-term investment. Read on to learn about annuities and their usage. Annuity is the opposite of life insurance. When you buy life insurance, the insurance company wants you to live forever because it has to pay your beneficiary a death benefit if you die before a certain age (usually 100 years). When you buy an annuity, the […]