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

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

Before looking at products, ask yourself what you want the money to do for you. Common goals include: Provides returns based on a stock market index

Offers a guaranteed interest rate and predictable payouts. Before looking at products, ask yourself what you

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:

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