Fixed annuities are designed to earn a guaranteed interest rate and can provide an income stream for a lifetime. Start preparing your retirement income today.
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Fixed Annuities Insurance That Fits Your Needs
A fixed annuity guarantees a defined interest rate on the buyer’s contributions to the annuity for a specific period of time. These are the simplest and most straightforward type of annuities, that provide the most predictable and reliable income stream, usually with the lowest fees.
In the case of a deferred annuity, a minimum rate of interest is guaranteed during the savings phase. During the payment phase, a fixed amount of income, paid on a regular schedule, is guaranteed.
- Guaranteed minimum interest rate.
- Receive income for life.
- Premium protection.
- Simple & predictable insurance.
- Lowest risk insurance.
Frequently Asked Questions
Are Fixed Annuities guaranteed?
Your fixed annuity contract will include a minimum guaranteed rate, and your interest will not dip below that rate.
What's the difference between fixed and variable annuities?
Fixed and variable annuities differ in the way that the interest rates are determined. In fixed annuities, interest rates are clearly outlined in the contract. In variable annuities, the growth rate depends on the performance of the investment portfolio.
How are fixed annuity rates set?
Fixed annuity rates are set by insurance companies and take into account specific factors, including the premium amounts, current interest rates, the buyer’s age and life expectancy, as well as their gender.