Fixed Annuities

Fixed annuities earn a guaranteed rate of interest for a specific time period, such as one, three or five years. Once the guarantee period is over, a new interest rate is set for the next period.

This guarantee of both interest and principal makes fixed annuities somewhat similar to Certificates of Deposit (CDs) purchased from a bank. Unlike a typical CD, however, an annuity is not backed by the insurance company that issues it up to the full amount of the annuity.

One of the best way of determining which Fixed Annuity is right for you is to get the sound advice of a knowledgable advisor. Click here if you are ready to find out which fixed annuity is best for you.