Category Archives: Annuities described

Life annuity retirement income

Risk of Living too Long negated through life annuity Ensuring retirement income stream over remainder of one’s life is the key purpose of the superannuation system.  The benefits of taking out a life annuity are explained but, for the reasons … Continue reading

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What is an annuity?

An annuity is a financial product paying an income stream to the buyer for a period of time.  The income stream is paid monthly (or quarterly, semi-annually , or annually). The person receiving the income is usually the buyer or, spouse or, children … Continue reading

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