What Is an Annuity? Hype or Hope for Your Retirement? September 7, 2022byKathleen Coxwell What is an annuity? An annuity is technically an insurance product, not an investment. Instead of trading money for financial protection from fire, flood or a health emergency, you are trading a lump sum in exchange for guaranteed income payments. The insurance company is taking the risk for downside in financial markets and for you… Read more about What Is an Annuity? Hype or Hope for Your Retirement?