Guide to Annuities Part 2
In the first part of this guide to annuities Guide to Annuities Part 1, I discussed the most basic features of annuities and reasons why you might buy one or be sold one. In part 2, I will explain how annuities work in their two phases: accumulation and income. I will also review the two more complicated types of annuities: Variable Annuities and Fixed Indexed Annuities. I will conclude by explaining the most complex aspect of all, the guaranteed income rider. Part 2 of this guide has become long and complicated. Sorry about that, but if you want to jump to the conclusions, go to the section titled: Buyer Beware.