💨 Abstract

Annuities are low-risk retirement plans sold by insurance companies, providing a stable income stream during retirement. They play a crucial role in a comprehensive insurance strategy, offering financial security, stability, and peace of mind. Types of annuities include life annuities, life annuities with return of purchase price, joint life survivor annuities, and joint life annuities with return of purchase price.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖