In 2009, Americans spent a total of $234.9 billion on individual annuities, making annuities the largest portion of the life/health insurance product line, when measured in annual premiums. Despite their importance, however, annuities remain little understood by the average American.

What Is an Annuity?

As with life insurance, when you buy an annuity you enter into a contract with an insurance company… [585 word article, November 2010]