AnnuitiesAnnuity Agreement • May 27th, 2016
Contract Type FiledMay 27th, 2016An annuity is a contract between an insurance company and an individual. The funds that are invested in annuities can accumulate for or during retirement and can be used to generate income if an individual is over age 59 1/2. One of the most attractive features about annuities is that taxes are deferred until the year they are withdrawn.