An annuity is an insurance product. It provides a long-term stream of income in exchange for an upfront premium. There are many types, including immediate, deferred, fixed, variable and indexed.

An annuity can provide you with a steady stream of income, ensuring that you have money when you need it. That’s why many people turn to annuities during retirement, to be sure that they have cash ...

Annuity rates have hit a 17 year high as experts say now is one of the best times to lock in a deal. Once written off as old-fashioned, annuities are back in favour, with record numbers of retirees ...

For investors seeking a predictable return without the volatility of the stock market, a seven-year fixed annuity can be an appealing option. The term is long enough to secure competitive rates but ...

Annuity rates have soared by 58% over the past four years – close to an all-time high – while savers with larger pension pots are increasingly choosing to buy the income product. An annuity is an ...

Retirement and uncertainty go together about as well as mustard and chocolate. Which is to say, when you have the chance to reduce the variability of your income streams in retirement, it’s worth ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. And, for seniors already in their mid-70s, securing reliable monthly ...

Last month, the Federal Reserve finally conducted its first rate cut of 2025, dropping its benchmark rate by 25 basis points after months of anticipation. This move marked the start of what many ...