Covering potential future medical or confinement costs. 2. Choose the Right Type of Annuity
Returns are tied to market-linked subaccounts (like mutual funds), offering higher growth potential but also the risk of losing principal. buying an annuity
Offers a guaranteed interest rate and predictable payouts. Covering potential future medical or confinement costs
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 buying an annuity
Before looking at products, ask yourself what you want the money to do for you. Common goals include: