An annuity is an insurance contract you purchase to receive payments for a specific period, such as 30 years, or for the rest ...

Here’s how the formula looks with a $100,000 one-time contribution for a fixed annuity, a 6% interest rate and a 10-year, 15-year or 20-year payout period. An annuity is a contract that helps ...

Oscar Wong / Getty Images An annuity can be an appropriate addition to a sound financial plan. But, it's important to understand how they work and, more importantly, the payout options.

There is a very simple answer: Retirees who have annuity payments feel more confident about their long-term finances in retirement. It seems obvious to someone like me, who is an actuary by ...

The guidelines issued at the end of January mandate insurance companies with annuity portfolios to have at least one qualified actuarial expert on their team. The circular partly read ...