Fixed Annuities
With a fixed interest rate, you’ll know how much guaranteed growth you can count on, no matter how the market performs.
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Talk to a financial advisor, by video or over the phone, when and how it's convenient for you.What is a fixed annuity?
A fixed annuity is a financial product that offers a fixed interest rate on your investment and may provide you with a stream of retirement income that’s guaranteed for the rest of your life, or for a set number of years.
Depending on when you choose to start your payments, fixed annuities are classified as:
Immediate
Your retirement income payments will begin within a year after you purchase the annuity.
Deferred
Your retirement income payments will begin in the future, usually when you retire.
Explore Multi-Year Guarantee Annuities
A Multi-Year Guarantee Annuity (MYGA) lets your money grow at a fixed interest rate for a pre-determined number of years. Learn more on whether a MYGA could help provide balance to your portfolio.
Fixed annuity features
Guaranteed retirement income
A fixed annuity can guarantee that you receive ongoing income payments starting in retirement and continuing for a specific period time or the rest of your life.
Fixed rate of return
A fixed annuity's value increases over time, based on a fixed interest rate. It is not affected by fluctuations in the market. A fixed annuity will have a guaranteed minimum interest rate as well as a current rate that may be higher.
Tax-deferred growth
Fixed annuity earnings are tax-deferred until you take money out of the product.
Standard death benefit
Most fixed annuities also offer a standard death benefit that is paid to your beneficiaries if you pass away before annuity payouts have begun. If annuity payments have begun, any death benefit will depend on the payout option selected.
