What Types Of Annuities Are There?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Annuities are categorized in several ways. There are immediate annuities in which you pay a lump sum and the annuity starts paying out almost immediately, and there are deferred annuities where you make periodic payments and then start receiving payments years down the road. There are fixed annuities that guarantee an interest rate, and  variable annuities for which the return is based on the stock market. Annuities can combine several features to produce a contract that works best for your financial goals.  
    Answered on June 9, 2013
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