Terms Beginning With 'a'

Annuity

  • January 11, 2020
  • Team Kalkine

An annuity is an agreement between the insurance company and the insurer to make a lump sum or series of payments and receive monthly or regular disbursements starting either right away or at some point in the future.

Fixed, variable and Indexed are the three types of Annuities. The payout potential and the risk vary with each type.

  • Fixed Annuities pays out a fixed guaranteed amount.
  • Variable annuities have a greater risk than fixed annuities but also gives the potential for a higher return.
  • Indexed annuities are the intermediate of fixed and variable annuities in terms of risk and reward potential.

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