Buying An Annuity -

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

Offers a guaranteed interest rate and predictable payouts. buying an annuity

Covering potential future medical or confinement costs. 2. Choose the Right Type of Annuity begin paying income almost immediately (within a year)

accumulate value over a period before starting payouts at a later date. Growth Mechanisms: 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.

Before looking at products, ask yourself what you want the money to do for you. Common goals include:

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