The decision of whether or not to invest a lump-sum payout in an annuity is one that many individuals grapple with. The decision will depend on the person's goals, risk tolerance, and other factors.
However, there are some general guidelines for making this type of investment. For example, if you want to make sure your money lasts for several years without running out when you retire or become disabled (which can happen when investing in stocks), then an annuity could be right for you. On the other hand, if you're looking to increase your chances of earning higher returns by taking more risks with your investments (such as through stock investing), then it might be better to choose something else.
So what should you do? It probably depends on your goals. If you want to ensure that your money lasts, then an annuity is a good choice for you. On the other hand, if you're looking to increase the likelihood of earning greater returns, then it might be better to invest in something else.