When you’re looking for growth
without market risk

What is a fixed annuity?

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.

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Fixed annuities are contracts purchased from a life insurance company. They are designed for long-term retirement goals. Withdrawals are subject to income tax, and withdrawals before age 59½ may be subject to a 10% early withdrawal federal tax penalty.

Were you looking for something different?    Varible_Circle_IconVariable Annuity  FixedIndexed_Cicle_IconFixed indexed annuity  Immediate_Cicle_IconImmediate Annuity   

See how a fixed annuity works

Fixed annuities


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 but still 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.

Flexibility
If choosing to annuitize your contact for lifetime income, you have the ability to choose from different payout options: set payments for a specified period or a lifetime stream of income.

Lower investment minimums
They usually require 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.

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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.

Fixed annuities are contracts purchased from a life insurance company. They are designed for long-term retirement goals. Withdrawals are subject to income tax, and withdrawals before age 59½ may be subject to a 10% early withdrawal federal tax penalty.



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