Securing Your Future: How a Single Life Annuity Can Protect You from Outliving Your Savings A single-life annuity is a type of retirement income option where you pay a lump sum in exchange for a series of monthly payments that last for the rest of your life. These payments provide a steady stream of income, so you don’t have to worry about running out of money. Essentially, the annuity serves as an insurance policy against outliving your savings. VISIT US : https://annuitybrokers.ca/how-a-single-life-annuity-can-protect-you-from-outliving-your-savings/