What Are Annuities Used For?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Annuities are used for many, many purposes and reasons. Some common things/reasons annuities are used for are: regular retirement income, receiving a lump sum of money in regular payments over time, wanting someone to manage their money for them, a safe investment, and the tax favorable aspects of annuities. 
    Answered on October 8, 2013
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