Offers a guaranteed interest rate and predictable payouts.

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

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

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

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

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

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