Variable Life Insurance 

Annuities

By Greg Brown Annuities are contracts which function as insurance policies in reverse. (In fact, annuities are sold by insurers.) If you buy an annuity, you pay a lump sum or make a series of periodic payments to a financial institution. The annuities seller then invests the money and, under contract terms, must pay to you a series of fixed, periodic payments beginning at an agreed date for a period or, perhaps, as long as you might live ... Read more