An annuity is a long-term investment that is issued by an insurance company designed to help protect you from the risk of outliving your income by providing a fixed income stream. 

They are highly customizable and can offer tax advantages, payment periods tailored to your needs, protection against losing your initial investment and options to transfer money to your beneficiaries. 

Annuities can also be used as a College Funding Plan for the future.

Immediate - Deferred - Fixed - Variable