What are the different types of annuities?
Author: Ammon Yorke
Website: http://www.AnnuityYes.com
Added: Sat, Jun 24, 2006 8:47:41
Category: Annuity Questions
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There are generally two different types of annuities. On a very basic level they are 1) a fixed annuity and 2) a variable annuity.
Fixed annuities earn an assured interest rate in a defined period of time. If the period of times expires, there is a new interest rate for the next period of time. Variable annuities have more funding options in comparison to fixed annuities. This is due to the fact that their performance depends on the option of investing the principal and that returns are not approved.
See also: Annuities | Annuity | Investment About the Author:
Ammon Yorke answers frequently asked annuity questions at PrettyGreatAnswers.com.
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