The promise of lifetime income from Annuities has been around for centuries dating back to Ancient Rome. Originally, Annuities were just simple instruments that guaranteed a steady stream of income. But, things got more complicated as the years went by.
For instance, in the late 1980s, variable Annuities became popular when mutual fund sub accounts promised higher returns. During the following decade, index Annuities provided conservative investors with a safe market participation method.
