What Is An Annuity?
The most simple definition of an annuity is a series of payments made from one source to another source. For example, a life insurance company may have an agreement to pay an individual annuities over a period of 10 or maybe even 20 years. Annuities are somewhat complex as they can fall into many different categories. Some annuities will even fall in to more than one category at the same time. Of course, be advised, that this is not money that you will be paid without you making some sort of monetary contribution. You must make an initial investment in order to get the ball rolling.