What Are Annuities? 
Annuities are a stream of steady income paymentsduring retirement . Money is contributed during the early years . Money is contributed compounded income andtax deferred , however the earnings are not . Withdrawals are advised at the age beginning 59 1/2 . You may agree to pay at lump sum one time payment or at a monthly premium . The forms of payments for payout are Lifetime Income is which you are paid for a certain amount of years like 20 , 30 , or 40 . and the benificiary is to receive the remainder upon death of the annuant . Another form of pay out is Lifetime Pay Outs which are fixed or variable , and payouts are for he lifetime of the annuant until death . Another form is Incomefor Life with a Guaranteed period Certain period which are payouts for life with a benificiary option of you die while this payout is in process . 