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Fixed Annuities
Fixed Annuities
Fixed annuities are an investment vehicle offered by insurance companies
that guarantee a stream of fixed payments over the life of the annuity.
With a fixed annuity, you contribute money into the annuity (in
installments or one lump sum), and that amount yields a fixed rate
of return.
With fixed annuities, you receive a relatively stable rate of
return with low level risk. When added to a portfolio, they provide
a conservative way to grow retirement funds. Each fixed annuity
locks in an initial interest rate for the term that you choose.
Renewal rates are guaranteed never to fall below the guaranteed
minimum interest rate, regardless of future economic conditions.
Fixed annuities are long-term vehicles for retirement that also
provide tax-deferred growth, access to money, and income options
for retirement.
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