Annuity Payments

Annuity payments are regular, fixed amounts of money paid over a specified period, often used for retirement income or insurance. Think of them as a steady paycheck received regularly, such as monthly or yearly, for a set time or for life. Annuities can be funded with a lump sum or series of payments, and they provide financial stability by ensuring consistent income. The amount paid is calculated based on factors like the initial investment, interest rates, and payment duration. They are commonly used to manage long-term financial needs or preserve income streams.