
Annuities are sold by Life Insurance Companies but actually are not connected with the life of the Insured except that they are age related. Annuities are investments paid by the policyholder to the Company which in turn pays him or her a contracted amount of money on a regular basis.
VARIABLE ANNUITIES
Same as regular annuities except that the Company invests the monies proffered by the Insured in the securities market and there is a higher risk factor but also a chance of a larger return.