Annuity in a Sentence  ðŸ”Š

Definition of Annuity

an allotment of money paid from an insurance company either in a full payment or in installments usually for retirement purposes

Examples of Annuity in a sentence

Due to a small pension from her job, Matilda considered buying an annuity at the Lawton Insurance Company so she could live freely during her retirement.  ðŸ”Š

When the senior citizen finished her career, she cashed in her annuity to receive the maximum payout from her insurer so she could take a cruise around the world.  ðŸ”Š

While planning for their retirement, the couple considered purchasing an annuity now from the insurer after looking at the interest rates.  ðŸ”Š

So that the retiree could live her lifestyle comfortably, she decided to receive her annuity with each portion arriving annually.  ðŸ”Š

Just like the retired factory worker received his social security paycheck and money from his 401k, he also received a check from his annuity each year in January.  ðŸ”Š

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