{"id":658,"count":8,"description":"<div>\r\n<div>\r\n\r\nAnnuities are financial products designed to provide a stream of income to an individual over a set period of time. Specifically, an annuity is a contract between an individual and an insurance company, where the individual makes regular payments into the annuity account. In return, the insurance company promises to pay out a regular income to the individual, usually for the rest of their life or a set number of years. Annuities are often used as a retirement planning tool, as they can help individuals to create a steady income stream to support their living expenses during their retirement years.\r\n\r\n<\/div>\r\n<\/div>","link":"https:\/\/scarletoakfs.com\/category\/blog\/financial-planning\/insurance\/annuities\/","name":"Annuities","slug":"annuities","taxonomy":"category","parent":587,"meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.5 (Yoast SEO v22.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Annuities Archives - Scarlet Oak Financial Services<\/title>\n<meta name=\"description\" content=\"Annuities are financial products designed to provide a stream of income to an individual over a set period of time. 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