Annuities can provide guaranteed income for life, making them an attractive option for retirees and long-term investors. However, before committing to one, it’s essential to understand the costs ...

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 ...

A: An annuity is a contract with an insurance company. In the most basic annuity type, income annuities, you give the ...

“Our son sustained a horrible injury during birth that will require life-long medical care. There will be a large malpractice settlement. Our lawyer strongly recommends a structured settlement annuity ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...