How are annuity rates calculated?

Annuities are a type of retirement income product that provide a guaranteed income for life or a fixed period of time. Annuity rates determine how much income you will receive from your annuity in exchange for your pension savings. But how are annuity rates calculated...

Are Purchased Life Annuities Taxable?

A purchased life annuity (PLA) is a type of annuity that provides a guaranteed income for life or a fixed term, in exchange for a lump sum. Unlike pension annuities, PLAs are bought with money that has already been taxed, such as savings, inheritance, or proceeds from...