{"id":221,"date":"2011-08-08T08:01:15","date_gmt":"2011-08-08T13:01:15","guid":{"rendered":"http:\/\/www.lifeannuities.com\/blog\/?p=221"},"modified":"2011-08-08T08:01:15","modified_gmt":"2011-08-08T13:01:15","slug":"what-are-life-annuities-and-how-do-they-work-2","status":"publish","type":"post","link":"https:\/\/lifeannuities.com\/blog\/retirement\/what-are-life-annuities-and-how-do-they-work-2","title":{"rendered":"What Are Life Annuities And How Do They Work?"},"content":{"rendered":"<p>The word &#8220;annuity&#8221; refers to any payment, usually fixed, payable for a  fixed period of time. This period could be in years or for a lifetime,  when it is then referred to as a &#8220;life annuity&#8221;.<\/p>\n<p><a href=\"http:\/\/www.lifeannuities.com\/blog\/wp-content\/uploads\/2011\/08\/iStock_000004318183Small.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-225\" title=\"What are life annuities\" src=\"http:\/\/www.lifeannuities.com\/blog\/wp-content\/uploads\/2011\/08\/iStock_000004318183Small-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/lifeannuities.com\/blog\/wp-content\/uploads\/2011\/08\/iStock_000004318183Small-300x200.jpg 300w, https:\/\/lifeannuities.com\/blog\/wp-content\/uploads\/2011\/08\/iStock_000004318183Small.jpg 847w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Another version of an annuity is where money is invested in the stock  market and payments are made out regularly as a fixed percentage or a  fixed amount.<\/p>\n<p>As you can imagine annuities and the rates that govern them, differ  greatly in various countries such as the UK, US, Canada,  Australia, Switzerland etc.<\/p>\n<p>Annuities that a\u00a0 have a finite number of payments are often referred  to as term certain annuities or fixed annuities but again these terms  can differ in meaning.<\/p>\n<p>The primary use of annuities is to guarantee the payment for the period  agreed upon. The purchaser or annuitant does not want to bear the worry  of seeing his or her investments lose value in the stock market through  mutual funds and equity positions. The crash of 2008 hurt a lot of  people who had been in the market, destroying pension incomes and it  could be repeated in 2011.<\/p>\n<p>Protection and guarantees are what life annuities provide and that is  what life annuitant want as they grow older; a guaranteed income that  does not change.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The word &#8220;annuity&#8221; refers to any payment, usually fixed, payable for a fixed period of time. This period could be[&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[4,5,9,8],"class_list":["post-221","post","type-post","status-publish","format-standard","hentry","category-retirement","tag-annuities","tag-annuity","tag-are","tag-what"],"_links":{"self":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/comments?post=221"}],"version-history":[{"count":7,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/221\/revisions"}],"predecessor-version":[{"id":229,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/221\/revisions\/229"}],"wp:attachment":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media?parent=221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/categories?post=221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/tags?post=221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}