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These are the most common ways your annuity will pay you or someone else. Yours may not include these options or may have different ones.
To find out if an annuity is right for you, it's a good idea to talk with a tax advisor or financial planner first.
Annuities are a contract between you and an insurance company and offer a way to reduce taxes and/or ensure a steady flow of income.
Here are some tips to help you find an existing annuity contract for yourself or on behalf of someone who has passed away.