What characteristic of annuities makes them appealing for financial planning?

Annuities are particularly appealing for financial planning because they provide consistent cash flow over a specified period. This predictability allows individuals to plan their expenses and income with greater confidence, especially in retirement or for long-term financial needs. By having a set amount received at regular intervals, annuities help individuals budget effectively, manage their spending, and ensure they can meet their financial obligations, thereby adding a layer of security to their financial plans. The consistency of cash flow can help mitigate risks associated with market volatility, making it easier to manage finances over time.