Annuities insurance

An Annuity is a tax-deferred CD with an insurance company. Banks and Savings & Loans have CDs, but you pay tax on your interested every year whether you take it out or not. Insurance companies do not have CDs, they have annuities. The primary advantages of an annuity is higher interest rates and you don't pay tax on your interest until your take the money out.

Annuities are safe and guaranteed and offer good interest rates. You can also convert an annuity into an income stream that you cannot outlive.

Babylonian landowners invented the annuity in 2500 BC, by setting aside the income from a piece of farmland to reward someone for the rest of their life. Today's annuities may substitute money for farmland, but the concept is still the same. The first annuity in America was written more than 200 years ago.