There are four basic types of
annuities. The best one for
you depends on your individual
needs.
Variable
Annuities Plan for
retirement
with a wide
range of
investment
options,
professional
portfolio management,
tax deferral,
income
options, and
death
benefits.
Variable
annuities have
the potential
to keep up
with and even
outpace
inflation.
Fixed
Annuities For more
conservative
investors, a
safe and
steady way to
grow assets at
a fixed rate
of interest
with a tax
deferral.
Immediate
Income
Annuities Make one
purchase
payment and
begin
receiving
annuity
payments soon
after. You
choose the
payout period,
including a
lifetime
income.
Modified
Guaranteed
Annuities Provide
tax-deferred
earnings with
long-term
fixed-rate
options. Also
known as
Market Value
Adjustment
(MVA)
annuities.
