Q. What are the different types of annuity?
A. Generally, there are three types of annuities –
1. Fixed annuity
2. Indexed annuity
3. Variable annuity
There are a few well known examples of annuities: Pension and Social Security Benefits are the most famous ones. Lottery payouts (if not taken with one-time payment) is another annuity example.
A. Generally, there are three types of annuities –
1. Fixed annuity
2. Indexed annuity
3. Variable annuity
There are a few well known examples of annuities: Pension and Social Security Benefits are the most famous ones. Lottery payouts (if not taken with one-time payment) is another annuity example.
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