There are two main types of annuities that refer to the timing of payments:
These are annuities that accumulate tax-deferred over time and at a future date pay out either lump sum or an income stream
These are annuities that pay out income starting immediately, or at most within a year.
Now, within these two broad categories, there are several sub-sections.
Within deferred annuities, you have the following:
Within immediate annuities, again, you have a few options:
- Secondary Market Annuities
- Index Annuities with Income Riders- AKA Hybrid Annuities
- Immediate Annuities- AKA Single Premium Immediate Annuities, or SPIA’s
Use the list above to explore our resources on these main types of annuities. How each applies to you is a matter of personal needs and preference. There is no one ‘best annuity’ or ‘perfect strategy’ Rather, it’s a personal discovery process to match the available tools to the desired goals. We need you to lay out the goal so we can assist you in finding the right tool and the best provider of the benefit you seek. Luckily, we have a simple process to guide you through the decision making.