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Home / Selling Your Annuities? Here is What You Need to Know
An annuity is a product sold by insurance companies that requires the company to pay you a set amount of money over a specific period. An annuity is often purchased as an insurance that an individual will receive as an income post-retirement. Payment may be received in monthly, quarterly, or annual installments.
Payments for annuities may be deferred or immediate. In a deferred annuity, you are paid after your money has been invested for a specific period. In an immediate annuity, you can receive income as soon as you invest in the annuity.
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