What Does Annuities Mean?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Annuities are a method of receiving periodic payments over the course of years or for the rest of your life. You can put a lump sum into an annuity and get periodic payments right away (immediate annuity) or you can contribute to an annuity over a period of time and then collect the payments (deferred annuity).
    Answered on June 7, 2013
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