What Is The Meaning Of Retirement Annuities? 
Payout annuities are often called retirement annuities or income annuities . There are many different variations or options available : term certain , life annuity , joint and last survivor , indexed , etc. . Essentially , you exchange a lump sum of money for an income stream . Annuities are an important part of your retirement income planning and can be complex . An independent insurance broker can help you find an annuity that is right for you . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . 