Chapter 2: Introducing Types & Classifications
of Annuities

Table of Contents

Page 15 – Introduce the Types of Annuities, Recognizing the Various Classifications of Annuities

• Page 16 – Annuity type according to when benefits are paid out.


• Page 16 – Define immediate annuity.


• Page 16 – Define deferred annuity.


• Page 16 – Distinguish between the characteristics of the two types.


• Page 17 – Annuity type according to how and when premiums are paid.
  
  • Page 17 – Define single premium annuities.
  
  
  • Page 18 – Define level premium annuities.
  
  
  • Page 19 – Define flexible premium annuities.
  
  
  • Page 19 – Distinguish between the characteristics of the types.


• Page 20 – Annuity type according to investment options offered.
  
  • Page 20 – Define fixed annuities.
  
  
  • Page 21 – Define variable annuities.
  
  
  • Page 22 – Define indexed annuities.
  
  
  • Page 22 – Distinguish between the characteristics of fixed, indexed, and variable annuities.

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