an annuity?

A Senior Wedding

Jacob, age 92, and Rebecca, age 89, living in Florida, are all excited about their decision to get married. They go for a stroll to discuss the wedding, and on the way they pass a drugstore. Jacob suggests they go in.

 

Jacob addresses the man behind the counter: "Are you the owner?"
The pharmacist answers, "Yes."

 

"We're about to get married. Do you sell heart medication?"
"Of course we do."

 

"How about medicine for circulation?"
"All kinds"

 

"Medicine for rheumatism?"
"Definitely."

 

"How about suppositories?"
"You bet!"

 

"Medicine for memory problems, arthritis, and Alzheimer's?"
"Yes, a large variety. The works."

 

"What about vitamins, sleeping pills, Geritol, antidotes for Parkinson's disease?"
"Absolutely."

 

"Everything for heartburn and indigestion?"
"We sure do."

 

"You sell wheelchairs and walkers and canes?"
"All speeds and sizes."

 

"Adult diapers?"
"Sure."

 

After a pause, Jacob turns to his lady and asks, "So, what do you think?"
Rebecca turns to the pharmacist and says, "We'd like to use this store as our Bridal Registry."

annuity

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Term of the Day annuity Series of payments at fixed intervals, guaranteed for a fixed number of years or the lifetime of one or more individuals. Similar to a pension, the money is paid out of an investment contract under which the annuitant(s) deposit certain sums(in a lump sum or in installments) with an annuity guarantor (usually agovernment agency or an insurance firm). The amount paid back includesprincipal and interest, either or both of which (depending on the localregulations) may be tax exempt. An annuity is not an insurance policy but a tax-shelter. Learn more about this term Usage Example Someone that needs flexibility in a contract should look into purchasing anannuity, which can be set up in many different ways.

Trivia of the Day