Buying An Annuity May 2026

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

Offers a guaranteed interest rate and predictable payouts. buying an annuity

Annuities are categorized by when they pay out and how they grow: Covering potential future medical or confinement costs

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

Before looking at products, ask yourself what you want the money to do for you. Common goals include:

accumulate value over a period before starting payouts at a later date. Growth Mechanisms: