1. Fixed: These give a set fixed interest rate.
2. Indexed: These credit index-linked interest gains
3. Variable: These invest directly in the stock market, usually through various managed funds.
There is a new type of "deferred" annuity called a Deferred Immediate Annuity.
This is a traditional immediate annuity, except the income payments are deferred until a later date. Your deposit is credited some type of interest rate during the deferral period.
.JPG){kind=avatar}
1. Fixed: These give a set fixed interest rate.
2. Indexed: These credit index-linked interest gains
3. Variable: These invest directly in the stock market, usually through various managed funds.
There is a new type of "deferred" annuity called a Deferred Immediate Annuity.
This is a traditional immediate annuity, except the income payments are deferred until a later date. Your deposit is credited some type of interest rate during the deferral period.