What is an annuity?
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Variable
There's the potential for more earnings, but you also take on more risk.
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Registered index-linked
Exposure to downside risk is limited, and there is potential for increased earnings based on index growth.
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Fixed
Your investment grows based on a guaranteed rate of return.
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Immediate
Convert a lump sum of money into a stream of income.
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Fixed indexed
The potential for increased earnings is based on index growth, but there's still downside protection.
Benefits of annuities
Provides an alternate way to save
An annuity can help you save additional money for retirement once you've maxed out other tax-favored investments.
Lets you catch up
Annuities can help you catch up on retirement savings when you have less time to save.
Offers growth potential
Annuities offer potential for tax-deferred growth and an income stream for life.