what are the different types of annuities? - ultimate ... - types of die casting

by:Hanway     2019-08-29
what are the different types of annuities? - ultimate ...  -  types of die casting
Follow us: there are two basic types of annuities: deferred annuities and instant annuities.
With an extended annuity, your money will be invested for a period of time until you are ready to start withdrawing money, usually when you retire.
If you choose an immediate annuity, you will start receiving the payment shortly after the initial investment.
For example, you may consider buying an instant annuity when you are close to retirement age.
Deferred annuities accumulate funds when direct annuities are paid.
Deferred annuities can also be converted to instant annuities when the owner wishes to start the collection.
In both categories, annuities can also be fixed or variable depending on the amount paid is fixed and linked to the performance of the entire market or investment group, or a combination of the two.
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