How Do Annuities Work?
https://www.transamerica.com/knowledge-place/how-do-annuities-work
… company), the owner of the annuity, the annuitant (often the same person as the owner), and a beneficiary. 4 Here’s how an annuity generally works: You agree to pay an insurance company a … starts to be paid out from the annuity. Variable annuities are regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulation Authority (FINRA). 2 Agents …