Annuity Life Care Plans
Annuities are purchased from investment brokers, who take your purchase price and put them into a low-risk investment pool. With several billions in aggregated investments, these can get excellent rates of returns. Most annuities are invested into state and municipal bonds or funds of state and municipal bonds, with some anchored by Treasury bonds. When you purchase an annuity, the investment broker will run through actuarial tables, factoring in your age, your health risks, family status and a bunch of other factors. From the perspective of the investment counselor, the purpose of an annuity is to make a small profit for the company and there are several factors tied into this.
Like all investments, annuities are tools and not panaceas. Carefully weigh all your options when considering one.

