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Annuities are a very popular financial tool for retirement of savings planners. But because there are so many types on the market, it can be very hard to understand which is the best annuity for you. Here are some different annuity options. For more information, you can also see: Explain Annuities.
  • Deferred vs. Immediate Annuities - Some people want to invest a lump sum, and then start getting payouts right away. Others would like to put away a sum of money, or multiple contributions made over time, and then wait for payouts.
  • Fixed vs. Variable Annuities - Fixed products guarantee a return, even if that return is pegged to a financial index (i.e. S&P 500). Variable products are riskier, but may promise greater returns in good years.
  • Annuity Payouts - Before buying, make sure you know what type of payout will work out best for you. Some examples are lifetime payouts, 10 years, etc. Some contracts are flexible so you can use your own product as an emergency savings vehicle, and do not have to take payments on a set schedule.
  • Non-Qualified vs. Qualifed Annuities - Even though the grown and compounding has tax advantages, a qualified annuity will usually not require paying taxes, while there will be some taxes associated with a non-qualified plan.
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Note: Do you need a deferred or immediate annuity? What payout will provide you with financial security? Let us provide you with more information so you can make a good decision. Our online quote forms are fast, safe, and totally free.
Related: Immediate Annuity Quotes


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