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The top prize on MILLIONAIRE LIFE is an annuity of $1 million a year for 25 years. What is an annuity?

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The top prize on MILLIONAIRE LIFE is an annuity of $1 million a year for 25 years. What is an annuity?

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An annuity is a type of long-term investment purchased by the lottery from an annuity provider on behalf of the winner. Annuities allow significant prize payments to be made to winners over an extended period of time. The MILLIONAIRE LIFE top prize winner will receive a prize that includes 25 payments of $1 million for 25 consecutive years.

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