Income annuities are an ancient idea having a major resurgence in our market. According to LIMRA, total annuity sales in 2011 reached $240 billion. In retirement planning, lifetime income annuities provide safety, security and a guarantee that annuitants will not outlive their income.

But do you know the history of annuities? Did you know they have been around since the Roman Empire? Here is the history of annuities as compiled by Tom Hegna in his book “Pay Checks and Play Checks.”

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