Annuities are one of the options available to help fund your retirement needs. They are an ideal investment when you want to turn all or part of your savings into a safe and guaranteed income stream.

Annuities are distinguished from other Retirement Income Options as they are binding contracts between you and the issuer and provide you with a set amount of money on a payment schedule (weekly, bi-weekly, etc.) The size and the duration of the payment is determined or calculated by the original investment, the payment frequency, the type of the annuity option, and your age and gender.