Buying An - Annuity

Offers a guaranteed interest rate and predictable payouts.

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 buying an annuity

Before looking at products, ask yourself what you want the money to do for you. Common goals include: Offers a guaranteed interest rate and predictable payouts

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

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

begin paying income almost immediately (within a year) after a single lump-sum payment.