Results for tag: "Annuities"

Annuities are financial products that provide a steady stream of income over a period of time. They are typically purchased by individuals who are looking to supplement their retirement income or to provide a guaranteed income for their beneficiaries. Annuities are typically purchased from insurance companies, and the terms of the annuity are determined by the insurer. Annuities can be structured as either fixed or variable, depending on the needs of the purchaser. Fixed annuities provide a guaranteed rate of return, while variable annuities provide the potential for higher returns, but also come with greater risk. Annuities are a popular choice for retirement planning, as they provide a guaranteed income stream that can help to supplement other retirement income sources. They can also provide a way to pass on wealth to beneficiaries, as the income stream can continue even after the annuity holder has passed away. Some of the companies in the annuities market include Prudential, MetLife, New York Life, and Lincoln Financial Group. Show Less Read more