Got money to burn? Then why not invest it on something. Why don’t you try life annuity. Life Annuity is a form of insurance that provides periodic payments to the annuitant until his or her death, at which point the payments will cease. However this type of annuity does not allow annuitants to designate a beneficiary. You can either purchase life annuity with a lump sum payment or the life annuity may be bought over the course of the annuitant’s working life by making periodic payments into the annuity. So what are you waiting for? Learn more about life annuity options here.