ü What are Annuities?
Annuities are financial contracts issued by insurance companies where you make a lump-sum payment or series of payments in exchange for regular income streams, often for retirement. They provide guaranteed payouts—either immediately or deferred—helping convert savings into lifelong or fixed-term income.
Key Benefits: Tax-deferred growth, death benefits for heirs, and protection from market volatility. Often paired with life insurance for comprehensive retirement planning. Consider fees and surrender periods before buying