What are fixed annuities
Fixed annuities offer a guaranteed rate of return for the duration of your retirement, providing stability and security to those who are retired or will soon be. With our fixed annuities, you can rest assured that your money is safe and secure even in times of economic uncertainty.
What you get with a typical fixed annuity
It's extremely important to review the specific terms and conditions of your specific annuity contract, as they can vary depending on what you eventually sign up for. Our goal is to assist you to choose an annuity that aligns with your financial goals and circumstances.
Guaranteed Fixed Interest Rate
A fixed annuity offers a guaranteed fixed interest rate for a specific period, providing predictable growth on your investment. This rate remains constant throughout the designated period, shielding you from fluctuations in the market.
Tax-Deferred Growth
One advantage of a fixed annuity is that it allows for tax-deferred growth. The earnings on your annuity accumulate without being subject to income taxes until you make withdrawals.
Principal Protection
Fixed annuities offer principal protection, meaning the initial amount you invest (the principal) is safeguarded by the insurance company. Regardless of market performance, your principal remains intact.
Steady Income Stream
One of the main purposes of annuities is to provide a reliable income stream during retirement. With a fixed annuity, you have the option to receive regular fixed payments for a specific period or for the rest of your life, ensuring a steady income source.
Flexible Payout Options
Fixed annuities typically provide flexibility in terms of payout options. You can choose to receive income monthly, quarterly, annually, or in a lump sum, depending on your preference and financial needs.
Death Benefit
In the event of your passing, fixed annuities often include a death benefit. This means that your named beneficiaries will receive a payout, typically the remaining account value or the original principal amount, whichever is greater.
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