An annuity can be defined as a contract between an individual and an annuity company that guarantees a regular stream of income to the individual for a certain length of time. The balance is exhausted on the expiry of the contract. Under an annuity policy, capital withdrawals are not allowed. Once an individual has signed a contract with an annuity provider, he will be required to pay a lump sum amount or make regular payments for a certain period of time. Generally, annuities accumulate tax deferred earnings.

The two major categories of annuities are fixed annuities and variable annuities. Under a fixed annuity, the individual will be investing in corporate bonds or government securities which will provide a specific rate for a certain period of time. This rate can apply for one year and up to ten years. On the other hand, there are variable annuities where the individual will be putting his money in mutual funds. These are various investment alternatives and the payment that will be received from these will depend on how active that particular investment option is.

But, one of the major things that annuity seekers must consider is choosing the right annuity product which offers the best annuity rates. These days, apart from visiting annuity providers individually, you also have the option of finding the best annuity deals online.

An annuity rates table is usually in a tabular form and shows graphical representations. They contain columns for specifics such as age, gender, rate of return expected, investment money and so on. With the help of an annuity table, you will be able to get an estimate on the amount or rather type of income you can get through your investment.

The table will provide various annuity interest rates and this makes it easy for an individual to compare the amounts and find out which option is the most profitable. Depending on the kind of return you would like to get, you can choose between the different annuity products available.

For those who have already retired or will be retiring shortly must consider purchasing immediate annuity plans. Under this plan, the policy holder will be required to invest a lump sum amount into the plan and will receive payout every month immediately following the investment.

Access to Funds – when you buy annuities, you may be able to access your funds and even make withdrawals in the following ways: – Get access to 10 percent of the total value of the account annually. – Interest earned can be withdrawn on a monthly basis. – You can convert the accumulated funds to an income stream for a specified period of time. – Your beneficiary will be entitled to every penny of your funds at anytime.

Guaranteed Fund Growth – annuity contracts come with a minimum guaranteed interest and there is a guarantee for your funds to grow.

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