Annuities product reviews
April 13, 2023 ⚊ 1 Min read ⚊ Views 51 ⚊ BLOG
An annuity is an insurance contract, in which the policyholder pays a premium to an insurance company and receives a guaranteed, fixed income for life. The annuity contract guarantees that the policyholder will receive a certain amount of money per month, which is usually set at a percentage of the policyholder’s final average salary. This type of contract is typically purchased by people in their retirement years to guarantee a steady income for the rest of their life. An annuity is an insurance contract, in which the policyholder pays a premium to an insurance company and receives a guaranteed, fixed income for life. The annuity contract guarantees that the policyholder will receive a certain amount of money per month, which is usually set at a percentage of the policyholder’s final average salary. This type of contract is typically purchased by people in their retirement years to guarantee a steady income for the rest of their life.
