Salmon Agency - Oviedo Insurance - Florida Auto, Home, Life

Salmon Insurance | Learning Center Newsletters

NEWS - BLOG

We are providing the newsletters below to help you learn more about a variety of insurance related topics and alert you to issues that may impact your insurance needs. If any of the information here sparks recognition that you may have a need to address, please email, call or visit us so that a trusted associate may assist you.

What is an Annuity?

In its most general sense, an annuity is an agreement for one person or organization to pay another a stream or series of payments. Usually the term “annuity” relates to a contract between you and a life insurance company, but a charity or a trust can take the place of the insurance company. 

There are many categories of annuities. They can be classified by:

An annuity can be classified in several of these categories at once. For example, you might buy a nonqualified single premium deferred variable annuity. For brief definitions of these categories, click here


In general, annuities have the following attractive features: