Question: Is an annuity, and how does it work? 2. What are the primary types of annuities? 3. How do fixed annuities differ from variable annuities?

Is an annuity, and how does it work? 2. What are the primary types of annuities? 3. How do fixed annuities differ from variable annuities? 4. What is a deferred annuity, and how does it work? 5. What is an immediate annuity, and how does it work? 6. How are annuities taxed? 7. What are the pros and cons of investing in annuities? 8. How do you calculate the payout rate for an annuity? 9. What is an annuity's surrender period, and why is it important? 10. How are annuities used in retirement planning? 11. Can you convert a lump sum of money into an annuity payment stream? 12. What is the role of life expectancy in annuity calculations?l 13. How do annuities protect against longevity risk?

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