Annuity, annua? A lifetime income?
Author: Andrew Lee About 5 minutes read. DISCLAIMER : This article and example are only provided for educational purposes and general information, and not for advertising nor soliciting Annuity products. Author also does not provide any tax nor legal advise. Always perform your own due-diligence and consult with a qualified tax and financial professionals, and evaluate for your own condition and situation for various financial products before taking any action or purchase. Do you know pretty much every working American have an Annuity? Don’t believe it? In fact, Pension plan and the Social Security Benefit are a type of Annuity called Life-time Income Annuity. The intention and main purpose for Annuity is to hedge for longevity risk . In today’s market, I called it the modern annuity (as oppose to the old-school annuity) also offers various riders (e.g. lifetime income, joint and survivor, on-boarding bonus, death/living benefits, LTC, hospice care, etc.) as opposed to purchasing oth...