"To purchase an annuity" means to buy a financial product that provides a fixed sum of money regularly for a specific period or for the rest of your life. It's like buying a contract that guarantees you a certain income in the future.
Plus, your principal for purchasing the annuity plan should also grow. (personalfinanceplan.in)
People purchase annuities for a number of different reasons. (blog.annuity123.com)
Special offer for those who purchase the annuity from death / surrender / maturity benefit proceeds of the pension accumulation plan of the Company. (easypolicy.com)