The type of annuity that would be most suitable for your financial situation depends on a variety of factors.
For example, are you looking for help offsetting long-term care expenses or steady, guaranteed income for life? This checklist will define immediate, deferred, fixed, and variable annuities and will outline the general descriptions of each.
Most annuities offer options that allow you to withdraw a percentage of your contract value each year up to a certain limit. However, early withdrawals could have consequences. This checklist can help explain some of the possible effects of early withdrawals.