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.
Annuity is a tax deferred plan which implies that you do not pay any tax for the tie period of annuity, and tax cut is applied when you start receiving the monthly payment. Despite being tools for future saving, there are sharp differences between annuities and 401k plans.