Annuities

An annuity is a series of payments made at fixed intervals of time. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities are classified by the frequency of payment dates. The payments (deposits) may be made weekly, monthly, quarterly, yearly, or at any other interval of time.

Types of Annuities:

Fixed
Variables
Guaranteed
Life Annuity
Equity-Indexed Annuities