Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma

Just when you thought you understood annuities, what's a "charitable" gift annuity?

Jean Larsen

Legacy Endowment Community Foundation

Many people have heard about annuities, a tool in a financial planner’s or insurance agent’s toolbox, often a recommended and essential component of retirement planning. You sock away a dollar amount into an annuity and it has a pay-out rate for you which varies depending on your age, the annuity’s type and whether the annuity’s pay-out is variable or fixed. An annuity can create a steady and rather predictable income. So far, so good.

Commercial annuities are issued by insurance companies. When the payments eventually end, the insurance compan...


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