Skip to content
Warren AI
Sign in
Insurance & Risk Management
12. Chapter 14: Annuities and Individual Retirement Accounts/Types of annuities
12. Chapter 14: Annuities and Individual Retirement Accounts Illustration
Syllabus Slides

Types of annuities

01.Core Concepts

Advantages to longevity annuities include: Benefits kick in when other financial assets are likely to be exhausted They are generally less expensive than traditional immediate annuities They can be purchased with an inflation hedge Disadvantages include: Your heirs will lose money if you die during the deferral period Once purchased, your funds are locked up ‹#›