An annuity is a specific type of contract offered by financial institutions like insurance companies. There are numerous variations and options available depending on the company issuing the contract, but the purpose of an annuity is to allow a person to grow their money, and then receive a stream of payments at a later date.
CBC Settlement Funding frequently works with the nine most common types of annuities: fixed, variable, immediate, deferred, indexed, inherited, qualified, non-qualified and lottery.
