{"id":941,"date":"2012-11-08T13:58:58","date_gmt":"2012-11-08T18:58:58","guid":{"rendered":"http:\/\/www.lifeannuities.com\/blog\/?p=941"},"modified":"2012-11-08T13:58:58","modified_gmt":"2012-11-08T18:58:58","slug":"what-is-an-annuity-2","status":"publish","type":"post","link":"https:\/\/lifeannuities.com\/blog\/retirement\/what-is-an-annuity-2","title":{"rendered":"What is an annuity?"},"content":{"rendered":"

The payout annuity is a simple yet powerful concept. In basic terms, an annuity is a financial product you buy from a life insurer who, in turn, pays you a regular income for a fixed period or for the rest of your life.<\/p>\n

\"\"<\/a>Payout annuities are ideal for transforming a lump sum payment into a dependable income stream, especially when you need to convert your registered retirement savings plan (RRSP).<\/p>\n

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Choose the annuity that works for you<\/h2>\n

\"\"<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

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\nSingle Annuity:<\/strong> income payments are made to you until death.<\/p>\n

Joint Annuity:<\/strong> income payments are made for the lives of you and your spouse.<\/p>\n

Term Certain Annuity:<\/strong> you choose the number of years to receive the income payments. Payments will stop at the end of that period.<\/p>\n

View the full article “What is an annuity?<\/a>“<\/p>\n","protected":false},"excerpt":{"rendered":"

The payout annuity is a simple yet powerful concept. In basic terms, an annuity is a financial product you buy[…]<\/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":[161,160,16,8],"class_list":["post-941","post","type-post","status-publish","format-standard","hentry","category-retirement","tag-an","tag-is","tag-sun-life-money-for-life-sunlife-quote-rate-broker-advisor-quotes-rates","tag-what"],"_links":{"self":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/941","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=941"}],"version-history":[{"count":4,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/941\/revisions"}],"predecessor-version":[{"id":947,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/941\/revisions\/947"}],"wp:attachment":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media?parent=941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/categories?post=941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/tags?post=941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}