Smart questions · 8 min read
Questions to Ask When Exploring an Annuity
The right questions can help you see how protection, growth potential, access, and lifetime income may work together.
Begin with the goal
Decide what you want this part of your money to accomplish. It may be protection from direct market loss, tax-deferred accumulation, dependable lifetime income, support for a spouse, or a legacy for people you love.
Ask for a plain-language illustration
- Which value is protected from market declines?
- How is index-linked interest calculated?
- How are credited gains treated in future years?
- How much annual access is available?
- When can lifetime income begin?
- Can income continue for one life or two?
- What benefits may pass to beneficiaries?
- Which values are guaranteed and which are illustrated?
The takeaway
A clear recommendation should connect every feature to one of your goals. The right review should leave you with fewer doubts and better questions before you decide.