We posted various articles on annuities. Here is one attempt to explain what are the different types of annuities that exist today in US. Although I haven;t invested in annuities and probably will not do unless I get some compelling reasons to do otherwise. I always get perplexed if annuities are really smart investment option.
Annuities are insurance products that pay out income, and often used as part of a retirement plan. Investors who want to receive a secure income in retirement prefer annuities.