Annuity Service Providers

An Annuity Service Provider is a financial company that manages and administers annuity contracts—agreements where you pay a lump sum or series of payments in exchange for guaranteed income over time, often during retirement. They handle the administrative tasks, such as calculating payments, managing customer accounts, and ensuring timely disbursements. Essentially, they serve as the backend that supports the operation of annuities, providing reliable income streams and managing the contractual details to help individuals secure financial stability in retirement.