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.
Annuities provide three things: 1  Periodic payments for a specific amount of time. This may be for the rest of your life, or the life of your spouse or another person. 2  Death benefits. If you die before you start receiving payments, the person you name as your beneficiary receives a specific payment. 3  Tax-deferred growth.