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Annuity insurance means an insurance that agrees to pay the insured for a stated period or life time. It allows the insured to withdraw the funds at a later stage, with interest and without paying excessive taxes. It serves as a good investment scheme that allows the insured to invest his/her financial assets in a proper way. Most companies provide three popular annuity insurances such as fixed annuity insurance, indexed annuity insurance and variable annuity insurance.