An annuity is fundamentally a between you and an insurance company [15]. When you purchase one, you receive a "personalized annuity booklet" or policy document that outlines your specific terms, including:
: The amount you would actually receive if you closed the account today [7]. annuity
: Details on earned interest or dividend credits [7]. An annuity is fundamentally a between you and
: Official IRS documents like Publication 575 , which explain how your periodic payments are taxed [8]. 2. Annuity Statements annuity
: The costs associated with canceling the contract early [35, 7].