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A form of a financial product called annuity insurance offers people a consistent income stream during their retirement years. The Massachusetts city of Worcester provides a range of annuity insurance alternatives. Here are some crucial details regarding getting a quote for annuity insurance in Worcester that everyone should be aware of: Basics of Annuity Insurance A contract must be made with an insurance provider to purchase annuity insurance. The insurance provider promises to give the person regular payments, often beginning at retirement age, in return for a premium or a series of payments. The kind of annuity selected will determine whether these payments are fixed or variable. Retirement Earnings The primary purpose of annuity insurance is to provide a steady and secure income throughout retirement. It acts as a safety net for money to augment other retirement income sources like Social Security or pensions. Annuities can be a helpful tool for budgeting and planning for future ...