Buying An Annuity Instant

begin paying income almost immediately (within a year) after a single lump-sum payment.

Returns are tied to market-linked subaccounts (like mutual funds), offering higher growth potential but also the risk of losing principal. buying an annuity

Safeguarding your initial investment from market losses. Lifetime Income: Ensuring you never outlive your savings. Legacy: Leaving a specific benefit for your heirs. begin paying income almost immediately (within a year)

Annuities are categorized by when they pay out and how they grow: buying an annuity

Provides returns based on a stock market index with a "floor" to protect against losses, though upside is usually capped. 3. Evaluate Pros and Cons When do annuities make sense | Retirement - Aviva

accumulate value over a period before starting payouts at a later date. Growth Mechanisms: