An annuity offers several benefits, such as:
• Allows tax-deferred growth.
o Compounding effect on your earnings
• Offers flexibility of choice for payout options: an income stream during retirement that can cover the lifetime of the annuitant or co-annuitant.
• Permit transfer of the account value as the death benefit directly to the beneficiary, which helps avoid the cost and delay of probate.
Why is an annuity a good investment option for retirement?
What are the features and benefits of an annuity?
How do you receive income from an annuity?
What types of Annuities are available?
Why is a fixed annuity a good choice for low-risk investors?
Why is a variable annuity a better choice for investors concerned with inflation?
Why is a combination annuity a good choice for investors concerned with security and inflation?