Fixed annuities
Fixed annuities are è products that provide a guaranteed rate of return for a set number of years.
How do fixed annuities work?
You may be asking yourself, “what is a fixed annuity?” A fixed annuity has two phases–accumulation and income. During the accumulation phase, you build money and contribute to your annuity, as it earns interest at a fixed rate. When you are ready to begin the income phase, those funds can be turned into a guaranteed stream of payments that can help take your è above and beyond.
What are the advantages?
Protection from loss
Regardless of market conditions, you won’t lose the money you contribute to your fixed annuity unless you take a withdrawal or surrender your annuity during its early withdrawal charge period.
Steady, predictable growth
A fixed annuity earns interest at a guaranteed rate, meaning you know exactly how much your money will grow over time.
Tax-deferred growth
The interest your fixed annuity earns grows tax-free until you start receiving payments or take a withdrawal, giving your fixed annuity the ability to grow at a faster rate.
Guaranteed income
When you’re ready to turn the money you’ve accumulated in your annuity into guaranteed income, you can select from a variety of options, including payments that will last for the rest of your life.
Take your è future above and beyond
If you’re looking to protect your principal while earning predictable interest at a rate that will never go down, fixed annuities may be the right choice. If you're interested in other benefits, we also offer immediate, fixed-indexed and registered index-linked annuities.