Upon completion of this course, the student will understand what an annuity is and its purpose. Students will become familiar with the different types of annuities available in the market today. The course discusses the parties to an annuity contract and the responsibilities of each party. The student will have a basic understanding of the standard annuity policy provisions found in all annuity contracts. Taxation of the various aspects of the annuity contract are discussed, as well as the annuity market and uses of annuities.