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Types of Annuities: Tailor-Made for Your Needs

Annuities come in various forms, each catering to different financial goals and risk appetites. The most common types include fixed, variable, and indexed annuities. Fixed annuities offer a guaranteed payout, making them a safe choice for conservative investors. Variable annuities, on the other hand, allow you to invest in a portfolio of securities, providing the potential for higher returns but with increased risk. Indexed annuities strike a balance by linking returns to a market index, offering upside potential while typically protecting against losses.