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A fixed annuity is an insurance contract that pays a specific interest rate based on account contributions. You can buy a fixed annuity with a lump sum payment or a series of payments over time.
Others are deferred annuities, meaning that payments begin at some point in the future, as stipulated in the annuity contract. Pros and cons of annuities. Like any source of retirement income ...
Fixed annuities: These earn a guaranteed rate of return based on an interest rate set by the insurance company. Variable annuities: These allow you to invest in a selection of sub-accounts, which ...
Annuities paid only under certain circumstances are contingent annuities. A common example is a life annuity, which is paid over the remaining lifetime of the annuitant. Certain and life annuities are guaranteed to be paid for a number of years and then become contingent on the annuitant being alive.
Indexed annuities are a type of fixed annuity which are regulated and distributed in the same manner as fixed annuities (through licensed insurance agents). Indexed annuities are a conservative safe money place for retirement dollars. [4] Indexed annuities usually provide a purchaser with various options for interest crediting.
Annuities have some broad similarities, but the details are where annuities stand apart. The benefits of each annuity contract may differ – allowing insurance companies to offer a specific kind ...
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