A History of Annuities
Annuities Through the Ages
Income annuities are an ancient idea having a major resurgence in our market. According to LIMRA, total annuity sales in 2011 reached $240 billion. In retirement planning, lifetime income annuities provide safety, security and a guarantee that annuitants will not outlive their income.
But do you know the history of annuities? Did you know they have been around since the Roman Empire? Here is a pictorial history of annuities compiled from Tom Hegna’s book “Pay Checks and Play Checks.”