Jane Austen whose character Fanny observes in "Sense & Sensibility"
People always live forever when there is any annuity to be paid... An annuity is a very serious business; it comes over and over every year, and there is no getting rid of it.
Financial fads may come and go with the times, but wisdom and good basic ideas never get old, as noted in Jane Austen’s novel - published in 1811.
What Is An Annuity?
In its simplest form an Annuity is a long term contract between you and a Life Insurance Company in which the company agrees to provide you with guaranteed periodic payments for a set period of time or until your death.