Annuities were intended to be a solid method for securing an enduring income for a person amid their retirement years and to ease reasons for alarm of life span chance, or outlasting one's benefits.

Annuities can likewise be made to transform a generous singular amount into a consistent income, for example, for champs of substantial money settlements from a claim or from winning the lottery.

Characterized advantage benefits and Social Security are two illustrations of lifetime ensured annuities that pay retirees a consistent income until they pass.

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