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Annuities Basics
Income products overview
Annuities are insurance products providing income; types include immediate, deferred, fixed, and variable, each with fees and liquidity limits.
- annuity
- income
- fees
- liquidity
- deferred
Types
Fixed, variable, immediate, and deferred options differ in risk and payout.
Costs
Consider fees, surrender charges, and liquidity limits.
Fit
Use cautiously for income needs; compare to simpler options.