how does an annuity work
On the surface, annuities may appear to be straightforward, long-term products to help fund your retirement. You give an insurance company a sum of money, called a premium, either in a lump sum or periodic payments.n the surface, annuities may appear to be straightforward, long-term products to help fund your retirement. You give an insurance company a sum of money, called a premium, either in a lump sum or periodic payments.