What is Annuity? | SIE, SERIES6, SERIES7, LIFE-HEALTH Exam Prep

An annuity is an insurance contract that provides a stream of income payments, typically for retirement, in exchange for an initial lump sum or series of payments. 📚 Learn more about Annuity and other key terms for your SIE, SERIES6, SERIES7, LIFE-HEALTH exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES6, SERIES7, LIFE-HEALTH 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Annuity definition: https://www.open-exam-prep.com/glossary/annuity 💡 Exam Tip: Variable annuity = securities product (needs licenses). Fixed annuity = insurance only. --- #insurance #examprep #financeexam #sie #series6 #series7 #life-health