Buying An — Annuity

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

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

Safeguarding your initial investment from market losses. Lifetime Income: Ensuring you never outlive your savings. Legacy: Leaving a specific benefit for your heirs. begin paying income almost immediately (within a year)

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

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