Fixed Annuity

Fixed Annuity (Glossary Word)

Fixed Annuities are a type of insurance contract where an insurance company makes a series of guaranteed payments in exchange for a sum of money at the outset of the contract; some fixed annuities will provide for a payment plan over time to build up the annuity lump sum. This type of investment instrument can help stabilize investment income, defer taxes on investment earnings, and is often part of a financial strategy for retirees or those contemplating retirement. Because of the guaranteed income stream provided by the fixed annuity, the insurance company, rather than the insured (annuity owner), takes the investment risk.


Other users also searched for some of the following glossary words.




Follow Us on FacebookFollow Us on YoutubeFollow Us on LinkedIn
 
contact us

We are converting to new computer and phone systems. Thank you for your patience.

Please add our new email addresses to your system. If you are not hearing back in a timely manner, please call. Your business is extremely important to us.

- Close This Box -