The annuity is a contract between an insurance company and an investor. The insurance company pays the investor their investment back in a fixed amount over time, usually every month or year. The amount that you can receive depends on your age and other factors, like how long you've been insured with the company.
If you want to invest with an annuity, it's important to know what kind of payout options are available for you. You'll probably want to choose a fixed payout option if you're looking for a reliable stream of income over time, but there are also variable payout options that pay out more when markets are doing well or less when markets are down.
When choosing between these options, remember that variable payouts may not be as stable as fixed payouts over the long term. so make sure you understand how much risk there is associated with each one!
If you want to invest with an annuity, it's important to know what kind of payout options are available for you. You'll probably want to choose a fixed payout option if you're looking for a reliable stream of income over time, but there are also variable payout options that pay out more when markets are doing well or less when markets are down.
When choosing between these options, remember that variable payouts may not be as stable as fixed payouts over the long term. so make sure you understand how much risk there is associated with each one!
