Buying An Annuity Info

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: buying an annuity

Returns are tied to market-linked subaccounts (like mutual funds), offering higher growth potential but also the risk of losing principal.

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 Safeguarding your initial investment from market losses

Offers a guaranteed interest rate and predictable payouts.

Covering potential future medical or confinement costs. 2. Choose the Right Type of Annuity Before looking at products, ask yourself what you

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