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Investment Term for the Day - Annuity
Manage episode 360165623 series 2956461
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The term annuity refers to an insurance contract issued and distributed by financial institutions to pay out invested funds in a fixed income stream in the future.
Investors invest in or purchase annuities with monthly premiums or lump-sum payments. The holding institution issues a stream of payments in the future for a specified period or the remainder of the annuitant's life.
Annuities are mainly used for retirement purposes and help individuals address the risk of outliving their savings.
Annuities are designed to provide a steady cash flow for people during their retirement years and to alleviate the fears of outliving their assets.
Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.
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Investors invest in or purchase annuities with monthly premiums or lump-sum payments. The holding institution issues a stream of payments in the future for a specified period or the remainder of the annuitant's life.
Annuities are mainly used for retirement purposes and help individuals address the risk of outliving their savings.
Annuities are designed to provide a steady cash flow for people during their retirement years and to alleviate the fears of outliving their assets.
Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.
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