Depending on whether you want to have a recurring stream of payments or a payment that can change, there are three different types of annuities. Let’s explore them below: Variable Annuity. A variable annuity provides you with alternatives to invest. This means you may decide where to invest the annuity. This can translate into a growth or a decrease in income, depending on the investment you choose. Fixed Annuity. A fixed annuity guarantees a periodic income paid to you depending on the contract, the institution holding the annuity, the money you put into it, and the amount of time you are contracted. Indexed Annuity. An indexed annuity (also called equity indexed annuities) is technically a mix between a fixed and variable annuity. You obtain an annuity that works like a variable. The annuity can grow and decrease with the investments it holds, but it does guarantee a minimum return of money if things get tough. Keep in mind that you can sell your annuity regardless of the type of annuity you have. Call 866-508-0010 to get help and guide you through the selling process. Should you decide to sell all or part of your annuity or structured settlement, the transaction can be handled from start to finish.