Buying An Annuity May 2026

Safeguarding your initial investment from market losses. Lifetime Income: Ensuring you never outlive your savings. Legacy: Leaving a specific benefit for your heirs.

Covering potential future medical or confinement costs. 2. Choose the Right Type of Annuity buying an annuity

begin paying income almost immediately (within a year) after a single lump-sum payment. Safeguarding your initial investment from market losses

Annuities are categorized by when they pay out and how they grow: buying an annuity

accumulate value over a period before starting payouts at a later date. Growth Mechanisms:

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