Annuities Annuity: A contract sold by an insurance company designed to provide payments to the holder at specified intervals, usually after retirement. The holder is taxed only when they start taking distributions or if they withdraw funds from the account. Please contact us for more info. Annuity Files Annuity Rate Guide Updated daily Annuity Hot Products Monthly annuity hot products. Annuities vs. CDs Tax deferred annuities offer... alternative for the right client. First American Insurance Underwriters ©