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In 2023, sales of variable annuities dropped 17 percent, even as sales of fixed annuities soared, according to LIMRA, the largest U.S. trade association for the insurance industry.
A variable annuity is a contract between you and an insurance company in which the insurer agrees to make periodic payments, beginning either immediately or at some future date.
Variable annuities have even higher fees and higher risk, so you’ll want to be extra thoughtful when considering if an annuity is the right investment for you. Here’s an overview of the pros ...
Variable: A variable annuity allows you to put your money into various investments, often mutual funds. What the annuity returns and pays out to you can fluctuate and depends on how the ...
Deferred annuities can also be fixed, variable or index. Since they have more time to grow, your monthly payments tend to be higher than immediate annuities. For example, a 60-year-old putting ...
Variable: A variable annuity allows you to put your money into various investments, often mutual funds. What the annuity returns and pays out to you depends on how the investments perform and the ...
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