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Source: https://timebusinessinsider.com/why-do-people-sell-their-annuities-what-are-the-pros-and-cons-of-selling-annuities-on-the-second

Category: Business

Annuities are negotiable financial instruments that guarantee a steady income to their holder over a certain period of time. The annuity contracts are sold as products by different financial institutions like insurance company etc. Annuity investments are made as one-off payments or instalments with a view to receiving a fixed payout in a certain interval. Annuity products are mainly bought to secure a fixed income stream during retirement.

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