Covering potential future medical or confinement costs. 2. Choose the Right Type of Annuity
accumulate value over a period before starting payouts at a later date. Growth Mechanisms: buying an annuity
Before looking at products, ask yourself what you want the money to do for you. Common goals include: Covering potential future medical or confinement costs
Annuities are categorized by when they pay out and how they grow: buying an annuity
Provides returns based on a stock market index with a "floor" to protect against losses, though upside is usually capped. 3. Evaluate Pros and Cons When do annuities make sense | Retirement - Aviva