Which Annuity Is Best For Me? 
There are two basic types of annuities : single premium immediate annuities -LRB- SPIA -RRB- and tax deferred annuities . If youre financially conservative and looking for immediate income now , SPIAs are a consideration . If youre in a high tax bracket and youre looking at tax deferral feature of annuities , then you have three crediting methods to consider : interest rate crediting , indexed crediting and separate sub account crediting . You need to establish your risk tolerance to determine which crediting method is right for you . 