Your decision on what type of annuity to purchase will have a dramatic impact on the monthly payments you will receive upon retirement.

Question

Quizplus · Accepted Answer

The type of annuity chosen will determine the structure of the payments received during retirement. Different types of annuities have varying features, such as fixed or variable interest rates, guaranteed minimum payments, and death benefits, all of which can affect the amount of money received each month. Therefore, the decision on what type of annuity to purchase will have a significant impact on the monthly payments received during retirement.

Your Decision on What Type of Annuity to Purchase Will