Question

What is the meaning of annuity​

Answer 1

a fixed sum of money paid to someone each year, typically for the rest of their life.

Answer 2

An annuity is a type of retirement income product that you buy with some or all of your pension pot. It pays a regular retirement income either for life or for a set period. Annuities – the basics. Higher income for medical conditions or unhealthy lifestyle. Your other retirement income options.