An annuity is a product that offers shares in a pool of securities (stocks,bonds,etc. )and flows through any earnings generated to the shareholding customer.

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An annuity is a financial product that provides a series of payments over time, typically for retirement purposes, and is not a pool of securities. It is an insurance product that can offer a fixed or variable income stream.

An Annuity Is a Product That Offers Shares in a Pool