These annuities have the funds that are related to the investment growth. That means it depends on the movements in the stock market and the value of an annuity may increase or decrease depending upon the performance of a particular investment. These plans are good when the investment is made for a longer period as they come as great retirement annuity options. But, such a plan also involves the market risks and one may have to bear the loss if the value of an investment falls. One is suggested to make an investment in this plan only when he is able to bear the market fluctuations. However, there are variable annuities that provide an option to protect one’s investment against the loss due to market fluctuations.
The offered annuities have the funds or investments that are not so dependent on the investment growth. That means these annuities may not differ with the market fluctuations. For those annuitants, who are not so confident about the movements in the market, deferred fixed annuity is a good option as it provides a guaranteed income during the later years of their lives. Generally, these plans have 3-year to 9-year initial rate guarantee and offer a tax-deferred investment growth to the investor. Most companies have no IRS contribution limit that means the annuitant can invest any amount for their life after retirement. Moreover, when the guarantee period ends, they can renew or exchange the annuity. Also, there is the option to move assets to an IRA or even utilize the same to receive a consistent source of income. Just by filling an online form on our website, one can easily get multiple top annuity quotes from top insurance providers in the industry.