What are the different types of annuities?

There are several types of annuities, including:

Fixed Annuities: Provide a guaranteed interest rate for a specified period, offering stability and predictable income.

Indexed Annuities: Offer the potential for higher returns linked to the performance of a market index, with downside protection against market losses.

Variable Annuities: Allow you to invest in a variety of sub-accounts, similar to mutual funds, with the potential for greater growth but also increased risk

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