What Are the Different Types of Annuity Benefits?
One of the biggest annuity benefits is that it provides steady income for the individual who purchases the contract. Another one of the big annuity benefits is that it provides tax advantages for retirement savers. This type of investment also provides you with a passive form of investment that does not require a great deal of oversight. Perhaps the best of the annuity benefits is getting a regular source of income. An annuity is a contract between an insurance company and an individual. With this contract, the individual pays a certain amount of money to the insurance company over his or her working life. The contract can also be purchased with a lump sum of money.
