What is
Annuities
Annuities are insurance products that provide guaranteed income for life or for a set number of years, often used during retirement to replace employment income with stable, predictable payments.
You invest a lump sum, and the insurer pays you regularly, regardless of what happens in the market.
What it Covers?
Guaranteed income stream; monthly, quarterly, or annually
Life annuities: income continues until death (single or joint)
Term-certain annuities: income for a defined period (e.g., 10–20 years)
No market risk: payments are contractually locked in
There are additional optional features like:
Inflation protection
Minimum payment guarantees
Return of capital provisions
Who Is It For?
Retirees who want to secure a portion of income for life
Individuals with no pension or volatile income sources
People who prefer certainty over speculation
Anyone looking to lock in income with minimal risk