Buying An | Annuity

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

Covering potential future medical or confinement costs. 2. Choose the Right Type of Annuity

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

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

Before looking at products, ask yourself what you want the money to do for you. Common goals include: Annuities are categorized by when they pay out

Offers a guaranteed interest rate and predictable payouts.

accumulate value over a period before starting payouts at a later date. Growth Mechanisms: Returns are tied to market-linked subaccounts (like mutual

Safeguarding your initial investment from market losses. Lifetime Income: Ensuring you never outlive your savings. Legacy: Leaving a specific benefit for your heirs.