Types of Annuities
Providing The Best Annuities
The five main types of annuities are fixed, variable, indexed, immediate, and deferred. A fixed annuity offers a guaranteed minimum payout with a set interest rate. Variable annuities fluctuate with market performance. Indexed annuities combine features of both fixed and variable options. Immediate annuities require a large one-time payment, while deferred annuities delay income payouts until a specified future date.