What Are The 4 Types Of Annuities? When you hear about annuities, it can sound like one big confusing product—but there are four main types most people need to understand: immediate, deferred, fixed, and variable. In this video, we break down what each type actually is, how it works, and what problem it’s designed to solve so you can stop guessing and start matching the right annuity to your own retirement goals. You’ll see how immediate annuities turn a lump sum into income right away, while de