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Key Takeaways
- A fixed annuity guarantees payment of a set amount for the term of the agreement. ...
- A variable annuity fluctuates based on the returns on the mutual funds it is invested in. ...
- An immediate annuity begins paying out as soon as the buyer makes a lump-sum payment to the insurer.
- A deferred annuity begins payments on a future date set by the buyer.
www.investopedia.com/ask/answers/093015/what-are-main-kinds-annuities.asp- People also ask
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WEBJul 14, 2024 · A fixed annuity establishes the amount of the payment in advance. Key Takeaways. The value of variable annuities is based on the performance of an underlying portfolio of sub-accounts selected by...
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WEBAug 14, 2023 · Fixed and variable annuities are two options that offer tax-deferred growth on your contributions—though they do it in different ways. You may consider a fixed annuity vs. variable annuity or both as you …
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