What Are The Different Kinds Of Annuities? 
The different kinds of annuities have not just one , but a variety of features that make them different . Here are some of them . Keep in mind that each annuity will have a combination of these differing features . 1 -RRB- Immediate vs Deferred . Immediate annuities are often single premium annuities and they begin making payments to the beneficiary almost immediately . Deferred annuities are often paid periodically , although they can also be paid in a single premium . Deferred annuities are not annuitized until after an extended accumulation period . 2 -RRB- Single Premium or Multiple Premium . 3 -RRB- Fixed , Indexed , or Variable . Fixed annuities have a guaranteed minimum interest rate that is paid on the premium paid for the annuity . Indexed annuities have a base interest rate but can perform above that through the use of market indexes . Variable annuities are invested in the stock or other markets and may or may not have guarantees . 