When planning your financial future, choosing how you receive your payouts is a critical decision. Whether it is retirement savings or a maturity benefit from an insurance policy, you often have two options: a regular annuity or a lump-sum payout. Each choice comes with its advantages and potential drawbacks, depending on your financial goals, lifestyle, and long-term needs. In this article, explore the differences between these two options, their key benefits, and factors to consider when making your decision.