How Do Annuities Work?
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Annuities seem complex but are simple: insurance companies guarantee your money grows and can provide lifetime income.

Annuities seem complex but are simple: insurance companies guarantee your money grows and can provide lifetime income.
You give money to an insurance company. They guarantee growth and/or income by contract.
Fixed (guaranteed rate), Variable (market-linked), Index (hybrid of both).
Take lump sum, systematic withdrawals, or convert to guaranteed lifetime income.