Hybrid annuities are fixed indexed annuities, equity indexed annuities, or variable annuities with a rider that offers lifetime income. Some also offer enhanced death benefit, long term care, and/or home health care.
Hybrid annuities work by allowing the buyer to invest funds in a fixed account as well as variable account. The fixed account provides the guaranteed funds and the variable components provide for greater return by investing in non-guaranteed securities.
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Hybrid annuities work by allowing the buyer to invest funds in a fixed account as well as variable account. The fixed account provides the guaranteed funds and the variable components provide for greater return by investing in non-guaranteed securities.