Individual annuities are financial products that provide a regular income stream to an individual during their retirement years. They are like savings accounts where you invest a certain amount of money over time and, in return, receive a guaranteed income for the rest of your life. It's a way for individuals to ensure they have a steady income after they stop working.
Full definition
Synonyms for individual words can be found below.
«individual»
«annuity»
Sentences with «individual annuities»
- (This figure encompasses both individual and industrial life insurance, as well as individual annuities). (goodfinancialcents.com)
- The plan provides lifetime income through a group or individual annuity contract. (fiainsights.org)
- The reason many companies select single premium group annuities as opposed to setting up many different individual annuities is because it is simply faster and more convenient to just set up one. (insuranceopedia.com)
- (see all
sentences)