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Explain the fundamental purpose of an annuity Describe the basic characteristics of the following types of annuities: Immediate annuity Deferred annuity Joint life annuity Variable

  • Explain the fundamental purpose of an annuity

  • Describe the basic characteristics of the following types of annuities:

    • Immediate annuity

    • Deferred annuity

    • Joint life annuity

    • Variable annuity

    • Fixed-indexed annuity

    • Longevity annuity

    • Qualified longevity annuity contract (QLAC)

    • Multi-year guaranteed annuity (MYGA)

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