annuity products

Annuity products are financial agreements where you pay a lump sum or regular payments to an insurance company in exchange for guaranteed income over a period or for life. They are designed to help manage retirement income by providing steady payments, reducing the risk of outliving your savings. There are different types, such as fixed annuities with regular, predictable payments, and variable annuities that fluctuate based on investment performance. Annuities can offer peace of mind by ensuring consistent income, but they also involve fees and contract terms that should be carefully reviewed.