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There are three main types of annuities: fixed annuities, variable annuities, and indexed annuities.

  1. Fixed annuities guarantee a fixed payment amount over a specified period of time. An example is a fixed immediate annuity where you receive a set payment for a set period.

  2. Variable annuities allow you to invest in a range of investment options, with the payout amount varying based on the performance of the investments. An example is a variable immediate annuity where payments fluctuate based on investment performance.

  3. Indexed annuities offer returns based on the performance of a specific market index, with a guaranteed minimum return. An example is an indexed immediate annuity where payments are tied to the performance of a Stock Market index.

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4mo ago

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Related Questions

What are the different types of annuities available in insurance?

The different types of annuities available in insurance are fixed annuities, variable annuities, and indexed annuities. Fixed annuities offer a guaranteed interest rate, variable annuities allow for investment in various funds, and indexed annuities provide returns based on the performance of a specific index.


What are the different types of annuities available for investment?

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