Timing your annuity purchase right can make a big difference. Here's how to decide when it makes sense for you.

The present value of an annuity is the current value of future payments from that annuity, given a specified rate of return or discount rate.

The formula for the future value of an ordinary annuity is F = P * ([1 + I]^N - 1 )/I, where P is the payment amount. I is equal to the interest (discount) rate.

North American Annuity Features North American Fixed Annuities. North American’s fixed annuities are called the NAC Guarantee Plus series. You can buy fixed annuities from North American that ...