Annuities are a form of hybrid financial product. Part investment and part contract, they’re primarily sold by insurance companies as a way to save for retirement. While in recent years they have come ...

We recently wrote a piece showing how much income you can expect to receive every month from different types of annuities, including fixed, immediate income annuities and deferred income annuities.

In the world of finance, an annuity is a contract between you and a life insurance company in which you give the company a lump sum or series of payments, and in return, the insurer promises to ...

*Multiply this by annual payment to get present value of annuity. Figures assume market interest rate in effect for May. **Divide annuity purchase price by this to get annual "return of capital" ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. An ordinary annuity is a series of equal payments made at the end of a time period for a ...