When you’re looking for growth without market risk

Fixed annuities allow you to lock in a rate of earning that, even over long periods of time, remains unaffected by market ups and downs. The principal investment and a specified interest rate are both guaranteed.

See how a fixed annuity works

What are the benefits?

Tax deferral

Its tax-deferred status allows you to benefit from compounded growth.

Principal and interest protection

It offers minimal investment-risk exposure while offering the opportunity to grow money at a set interest rate. The rates are generally higher than with traditional savings vehicles.

No market risk

It offers guaranteed interest rates without exposure to market fluctuations.


If you choose to annuitize your contract for lifetime income, you can choose from different payout options: set payments for a specified period or a lifetime stream of income.

Lower investment minimums

It usually requires only $1,000 to $10,000 for an initial investment.

Beneficiary protection

You can pass assets to beneficiaries and avoid costly probate. Optional riders, available for an additional cost, can enhance the amount your beneficiaries may receive.

What should you consider before purchasing?

Less opportunity for growth

Without market participation, growth opportunity is minimal compared with variable annuities, but there’s also less risk.

Inconsistent rates

Some rates can be offered for a fixed period and then drop after that set period of time.

Interest may not keep up with inflation

If this happens, you could lose buying power.

Annuity resources

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Visit our library of annuities articles in the Learning Center.

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Learn about the features and benefits offered by the different annuity types.

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An annuity is a contract you purchase from an insurance company, designed for long-term investing. The values will fluctuate based on investment option performance. Annuities have restrictions and limitations, and fees and charges will vary based on the product. You may be charged a penalty if you take your money out early. Withdrawals may be subject to ordinary income taxes, and if you are under age 59½, you may pay a 10% federal tax penalty. Please remember that investing involves risk, including possible loss of principal. All guarantees and protections are subject to the claims-paying ability of the issuing insurance company.