Before looking at products, ask yourself what you want the money to do for you. Common goals include:
Returns are tied to market-linked subaccounts (like mutual funds), offering higher growth potential but also the risk of losing principal.
Covering potential future medical or confinement costs. 2. Choose the Right Type of Annuity buying an annuity
Safeguarding your initial investment from market losses. Lifetime Income: Ensuring you never outlive your savings. Legacy: Leaving a specific benefit for your heirs.
Provides returns based on a stock market index with a "floor" to protect against losses, though upside is usually capped. 3. Evaluate Pros and Cons When do annuities make sense | Retirement - Aviva Before looking at products, ask yourself what you
accumulate value over a period before starting payouts at a later date. Growth Mechanisms:
begin paying income almost immediately (within a year) after a single lump-sum payment. Legacy: Leaving a specific benefit for your heirs
Offers a guaranteed interest rate and predictable payouts.
