The Income Annuity
The Future Income Guarantee Annuity...
There are many different types of annuities to consider. The Variable Annuity is an annuity that takes a lump sum of funds upfront with a promise of a specific amount of future income. That sounds great, however, if principal protection is important to you this vehicle might not be the best. Although the insurance company guarantee's income in the future the actual lump sum is in the actual market at risk for loss.