Annuity Rates plans could suppose either be fixed or changeable. This choice can be selected as per the choices and needs of one. The annuity period might be lifetime or mended, where lifetime means the payment can be taken on all through the policy holder’s remaining lifetime. On the other hand, fixed annuity denotes that payments must be undertaken in a certain period. Besides, payments may be either immediate or deferred. Qualified and non-competent taxes come under the tax status.