Two types of annuities. The two types of annuities are fixed and variable. With a fixed annuity, you can expect a guaranteed rate of return for a specified time. With variable annuities, where the underlying investments are in stocks and bonds, you have the potential for a greater return on your investment, coupled with higher risk.

Two payout options. When you purchase an annuity, you will need to decide how you want the proceeds paid to you. An immediate annuity will begin payments to you immediately. With a deferred annuity, you will receive payments at a later date.

This brochure will help you understand more about the types of annuities you can purchase and how to determine which specific annuity might satisfy your needs.