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Variable annuities can offer income in retirement and the potential for higher returns, but those perks come with trade-offs, including higher fees, limited liquidity and market risk.
Of the total $385.4 billion in annuity sales in 2023, only about 13 percent came from variable annuities, marking its worst sales year ever recorded by LIMRA. Benefits of variable annuities
Variable annuities are subject to market risk since the value of the underlying investments can fluctuate. This means that if investments in your annuity subaccounts underperform, your payouts ...
She stated that single premium fixed annuities, where a lump sum is deposited with a guaranteed minimum interest rate over a set period, and indexed annuities linked to the stock market offer more ...
A variable annuity lets you choose how to invest the money you put into the account. These investments typically involve mutual funds, and the rate of return depends on the performance of the funds.
A variable annuity can offer you tax-deferred growth, a wider range of investment options and guaranteed income. However, it comes with potential risks. And the success of your investment will ...
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