the.com/annuity
A deal where you trade a lump sum for a slow drip of certainty.
means A financial product that pays you regular income, often for life, in exchange for money paid upfront or over time.
from From Latin annus, year, via medieval Latin annuitas, a yearly payment, because the whole point was getting paid every single year.
Ancient rootsRomans called them annua, lifetime stipends for soldiers.
Longevity betInsurers profit when buyers die early.
Math nightmareDe Moivre pioneered annuity pricing in the 1700s.