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California 8 Hour Annuity Training Course 3rd Edition Answers Form

California 8 Hour Annuity Training Course 3rd Edition Answers Form

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okay so i'm going to give you a an idea of what annuities are this is going to give you a broad overview of what an annuity is how it functions who's involved how they pay out how people can pay into them what happens when the money's paid into them things like that so an annuity is basically a cash accumulation vessel and it provides income for life or for a specific number of years now and the purpose of a new of an annuity is to take a large sum of money and distribute it in payments over a specific period of time or for someone's entire life so a lot of times it's used in retirement accounts you may take your retirement account you put it into an annuity and then you can get the money like for the rest of your life so you don't outlive it or say someone has a ton of money and they want to leave their grandchildren some money but they don't want to leave them like a ton of money at once they can leave the money in in an annuity

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