While money is accumulating in an annuity (before the income payout phase), funds can grow and compound on a tax - deferred basis. (rootfin.com)
In some cases, your beneficiaries may get nothing if you die after the payout phase begins. (studentloanhero.com)
Not only do variable annuities offer you flexibility in both the accumulation and payout phases, they also offer optional benefits that can help protect your investment from market declines. (globalatlantic.com)