What is an annuity program designed for?

An annuity program is primarily designed to supplement future retirement benefits. These programs consist of a series of payments made at regular intervals, typically after retirement, helping individuals maintain their income and financial stability when they are no longer earning a regular paycheck. The contributions made to an annuity during an individual's working years accumulate over time, and upon retirement, the individual can receive these funds in the form of periodic payments. This structure is beneficial for long-term financial planning, ensuring that retirees have a reliable source of income to support themselves.

While other options listed pertain to various financial and employee benefits, they do not align with the fundamental purpose of annuities, which focuses on providing sustained income for retirement rather than immediate cash benefits, job training, or health insurance expenses.