you’ll also need to consider how to receive your annuity payments. You can receive a lump sum from your annuity, a life option that pays over your lifetime and, if you choose, a spouse ...

Instead of paying regular premiums to an insurer that makes a lump-sum payment upon your death, with an annuity you give the insurer a lump sum of cash in return for regular income payments until ...

But how much does a $500,000 annuity pay per month, exactly? In this guide, we’ll explore the answer using real-world scenarios, show you how different factors can affect your payouts ...

Commissions do not affect our editors' opinions or evaluations. A fixed annuity provides investors with guaranteed income payments, typically for retirement. With a fixed annuity contract ...

Retired federal employees can choose a benefit that pays a percentage of their pension to a spouse, child or other close ...

When you buy an annuity, you provide an insurance company, bank, fintech or brokerage firm with a lump sum or series of payments and, in return, receive a guaranteed monthly income. Some ...

A controversial $175 million pension payment for non-teaching Chicago Public Schools staff has created tension between the ...

Here's how an annuity works: you make an investment in the annuity, and it then makes payments to you on a future date or series of dates. The income you receive from an annuity can be doled out ...

One in eight people intending to purchase an annuity would not consider switching their pension provider, even if they could ...

Additionally, an income annuity typically has no cash surrender value. Once you buy one, you usually have no access to the money until the payments begin. You can, however, choose a cash-refund ...

David Rodeck specializes in making insurance, investing, and financial planning understandable for readers. He has written for publications like AARP and Forbes Advisor, as well as major ...