An annuity is a mode of payment employed entered upon by two parties wherein the payee gets a certain amount of money yearly until the whole sum is paid for. A person and a company or an individual and a branch of the government normally enter into annuity agreements for retirement payment purposes. Annuity is a form of an investment. It can also be paid for in an immediate manner but only after the maturity period is reached. It is also subject to tax and its interest rate can either be fixed or variable. For people who pay for their annuity on a yearly basis until it reaches maturity, they can pay through a flexible premium plan or a single premium plan.Do yourself a huge favor and don't sell your annuity until you read this Ebook!
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