As retirement nears, preserving your hard-earned savings while still capturing growth can feel like walking a tightrope. For ...

Fact checked by Vikki Velasquez Insurance companies offer annuities to individuals looking to augment their income during their golden years. Those who enter into an annuity contract pay a certain ...

What types of annuities should seniors consider now? There are four annuity types seniors should consider now, experts say: Immediate annuities "A Single Premium Immediate Annuity (SPIA) offers a ...

A single premium immediate annuity typically offers the highest monthly payments, while fixed-indexed annuities provide growth potential with downside protection.

A single-premium immediate annuity (SPIA) is the simplest and most common type of immediate annuity, and it’s what people usually mean when they reference immediate annuities.

Total 2024 annuity sales raced to another record, according to Wink’s Sales & Market Report, even if the industry did close the year on a down note.

Which Annuity Type? In this scenario, a fixed annuity is likely the best course, as you know you have a minimum interest rate and a fixed amount of money with your monthly payments.

With an immediate annuity like a SPIA, payments start within 30 days to one year after funding the contract, and those payments continue for a specified term or for life.

Combining fixed and variable annuities can provide a reliable and flexible source of retirement income, though the strategy ...

Despite negative publicity, indexed life and annuity sales are doing quite well with consumers, Wink, Inc. reports.

An immediate payment annuity is a contract between an individual and an insurance company. It provides a set amount of income immediately to the buyer.

An annuity is a legally binding contract between you and the issuing company that provides lifetime income, tax advantages and other benefits.