Annuities in the United States
In the United States, an annuity is a financial product which offers tax-deferred growth and which usually offers benefits such as an income for life. Typically these are offered as structured (insurance) products that each state approves and regulates in which case they are designed using a mortality table and mainly guaranteed by a life insurer.
Source: Wikipedia — Annuities in the United States (CC BY-SA 4.0)