The State of California requires that you be told the following: Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits, which other education loans are not required to provide.
â¢ ANNUITY (noun). The noun ANNUITY has 1 sense: 1. income from capital investment paid in a series of regular payments. Familiarity information: ANNUITY used as a noun is very rare.
Concept of an Annuity. Annuities are used primarily to provide a steady stream of income to an individual typically upon retirement. In theory, an annuity is designed to protect against outliving an individualâs retirement income by providing lifetime income. One of the primary functions of an annuity is to liquidate an estate, or to pay benefits until the death of an annuitant.