A Variable Deferred Annuity offers the advantage of tax deferral and can be used to accumulate money for retirement. The policy's accumulated value – and sometimes the amount of monthly annuity benefit payments – fluctuates with the performance of your investment account.

With a Fixed Interest Deferred Annuity, the interest rate on your policy is guaranteed never to fall below a certain amount. For many people, this provides a measure of security about their investment.

As the name implies, Immediate Income Annuities are annuities under which income payments begin immediately – one period after the annuity is purchased.