A ny annuity definition should recognize that complexity and consumer confusion have hampered these financial products.

An annuity is an investment vehicle/insurance policy hybrid through which an individual can contribute funds to be paid back to themself later on (usually during retirement) with gains or interest.

A single-premium deferred annuity (SPDA) is an annuity established with one lump-sum payment to an insurance company. The assets in the annuity grow over time, during the accumulation phase.

Federal retirees are pouring hundreds of millions of dollars a year into an annuity offering at the Thrift Savings Plan.

Her expertise is in personal finance and investing, and real estate. kate_sept2004 / Getty Images Most variable annuity (VA) contracts include an insurance component that provides a death benefit.

Some of the confusion even comes from the term “annuity” itself, which actually refers to a broad range of financial products. Given all this, we wanted to provide some guidance on the ...