Where Are Annuities Used? 
Annuities are used in these 10 places plus more : 1 -RRB- The annuitant 's retirement years , as an income stream . 2 -RRB- In an IRA , to fund it . 3 -RRB- If self employed , in a Keogh-type retirement plan . 4 -RRB- Pensions plans , when used by businesses to fund them . 5 -RRB- Next to a pension plan , to supplement it . 6 -RRB- After the sale of a home or business . 7 -RRB- By grandparents , to pass money to grandchildren . 8 -RRB- If a variable annuity , for growth . 9 -RRB- When receiving a lottery prize , life insurance proceeds , or bonus . 10 -RRB- When unable to qualify for life insurance . 