An annuity is a contract between you and an insurance company that requires the insurer to make payments to you, both instantly or in the future. Most of these annuities could have a in-built give up cost schedule that may penalize the investor if the product is bought prior to the end of the give up period. Consult with your Stifel Monetary Advisor to find out about the advantages of annuities and how they may match into your portfolio.

Outlined profit pensions and Social Security are two examples of lifetime assured annuities that pay retirees a gradual money stream till …