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I'm trying to understand when annuity payments are made. Can someone explain the frequency at which annuities pay out?
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The frequency at which annuity payments are made depends on the terms of the annuity contract. Annuities can have different payout options, including monthly, quarterly, semi-annual, or annual payments. Some annuities also offer the flexibility of choosing a lump sum payment or a combination of lump sum and periodic payments. It's important to review the terms of your specific annuity contract to determine when your payments will be made. If you have any doubts or questions, it's advisable to contact your insurance specialist or annuity provider for clarification.
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