What are Annuities? Get a Free Guide!

A common reader email question is “What are annuities“.

Basically, an annuity is a contract between you and an insurance company. You pay them and they agree to give you a fixed income for a specified period of your life. There are a fixed, variable, and equity-index annuities. The cost of an annuity depends on how long and how much you want to be paid.

Unfortunately, annuities are probably one of the financial products that I know the least about. I am far away from retirement myself so I haven’t done too much research on them.

So, I was pretty excited when I found this free guide to annuities! Those of you who would like to find out more about them, this is a free 14 page guide that explains them. I’m sure this guide will do a much better job than I can in explaining them!

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