Archive for June, 2014
Owners demonstrate a certain loyalty and commitment to their purchased annuities, with 93% reporting that they still own their first annuity. But what are annuities? Annuities are a financial product that financial companies sell; their purpose is to collect and grow the funds an individual gives. After the individual has paid towards their annuity for a number of years (the longer the wait, the better), a pay out time period begins. This payout period streams money back into the individual’s pocket.
People typically buy annuities to help manage their income in retire