David Lerner Associates: Providing Lifetime Income with Immediate Annuities
Immediate annuities offer a financial alternative to assist in meeting retirement income needs by offering a steady stream of income tailored to continue through retirement.
David Lerner Associates: A Primer - Understanding Different Types of Life Insurance
Life insurance is different from most other types of insurance like health, car and homeowners insurance in at least one key respect: It covers against an event that is certain to occur at some point in time - the policyholder's death.
An annuity is essentially a contract with an insurance company. You'll typically pay the insurer a sum of money, and in exchange the insurer will commit to sending you regular payments immediately or in the future for the duration of the contract.