Despite the fact the annuities can be traced back to Ancient Rome, they haven’t been given the same level of respect as other innovations from that time. I mean when was the last time you criticized the concept of aqueducts, bound books, newspapers, or highways? And, yet, for years people have proclaimed that annuities are too complex, expensive, and irreverent.

To be fair, there is little truth in these assessments. After all, because there are several different types of annuities, it can be overwhelming if you’re considering purchasing one. However, you really just need to focus on the following types;

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