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?

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1 An annuity is a financial product offered by insurance companies that provides a stream of income to an individual over a specified period of time typically during retirement It is a contract betwee... View full answer

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