That’s because the word “annuity” actually refers to a broad range of financial products. To help ordinary investors, we ...

The specifics of how an annuity works depends on the type of annuity it is. Here is an overview of some of the main types: Immediate annuities: As the name suggests, an immediate annuity "starts ...

Given all this, we wanted to provide some guidance on the different types of annuities and discuss common features to make this category of financial products easier to understand.