Annuity

Annuities are financial products that give you a steady stream of income in exchange for an initial lump sum investment. The customer's investment is used to purchase an annuity contract from an insurance company, which guarantees a steady stream of income for the rest of the customer's life. The amount of income received is based on the customer's investment and can vary depending on the type of annuity they choose. Annuities can be a good way to get money in retirement and can help customers make sure they have a steady flow of money in their golden years.