How Does Annuity Pension Work? 
Life insurance is designed to help your loved ones should you die too soon . An annuity is designed to help you should you live too long , In exchange for a sum of money the insurance company guarantees payments to you for as long as you live . In its simplest form , that means that if you live one month you get one month payment , if you live forty years you get 480 payments . Since that arrangement isnt best for everyone there are a variety of payouts that can be selected to protect two people or to make sure that everything invested is returned . 