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.
Uncover the basics of annuities and the most advanced strategies. A: An income annuity is an agreement between you and an insurance company In exchange for a one time payment, the insurance company is legally obligated to provide you with a regular, predictable, and reliable income stream. The reason people buy annuities is to provide a steady stream of income during retirement.