An Annuity | Buying

Before looking at products, ask yourself what you want the money to do for you. Common goals include:

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

Annuities are categorized by when they pay out and how they grow: Before looking at products, ask yourself what you

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.

Returns are tied to market-linked subaccounts (like mutual funds), offering higher growth potential but also the risk of losing principal.

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