Annuity


The meaning of the word Annuity is: an allotment of money paid from an insurance company either in a full payment or in installments usually for retirement purposes


Examples:

Due to a small pension from her job, Matilda considered buying an annuity at the Lawton Insurance Company so she could live freely during her retirement.

published by Lorena on 2021-11-16 11:55:52


When the senior citizen finished her career, she cashed in her annuity to receive the maximum payout from her insurer so she could take a cruise around the world.

published by Thomasine on 2021-10-21 23:52:27


While planning for their retirement, the couple considered purchasing an annuity now from the insurer after looking at the interest rates.

published by Bailey on 2021-04-03 16:26:24


So that the retiree could live her lifestyle comfortably, she decided to receive her annuity with each portion arriving annually.

published by Tonya on 2021-09-18 08:38:16


Just like the retired factory worker received his social security paycheck and money from his 401k, he also received a check from his annuity each year in January.

published by Missy on 2021-01-17 10:02:10


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