Which Of The Following Most Accurately Describes An Annuity?

Shawn Plummer

CEO, The Annuity Expert

An annuity is a financial instrument that pays you an income for the rest of your life. The payment amount, frequency, and other features depend on what type of annuity you invest in. Annuities are often used to generate retirement income or to supplement pension benefits at work. This quick guide will help explain how annuities work and provide some tips for investing in them wisely.

Which Of The Following Most Accurately Describes An Annuity?

Annuities are most accurately described as a stream of equal cash payments made at equal time intervals.

What else is an annuity best described as?

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Frequently Asked Questions

Which statement best describes lifetime income?

The total salary and retirement benefits for all the years worked.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed insurance agent and annuity broker with over a decade of first-hand experience. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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