Buying An Annuity Apr 2026

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

Safeguarding your initial investment from market losses. Lifetime Income: Ensuring you never outlive your savings. Legacy: Leaving a specific benefit for your heirs. buying an annuity

accumulate value over a period before starting payouts at a later date. Growth Mechanisms: Annuities are categorized by when they pay out

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 accumulate value over a period before starting payouts

Covering potential future medical or confinement costs. 2. Choose the Right Type of Annuity

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

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