Fixed Annuities

What is Fixed Annuities?

A fixed annuity is a type of annuity contract that provides a guaranteed fixed interest rate on the invested principal for a specified period. An annuity is a financial product typically offered by insurance companies that provides a series of payments to the annuitant (the person who owns the annuity) in exchange for an initial lump sum or a series of payments. Fixed annuities are known for their stability and predictable returns, making them a conservative option for individuals seeking a reliable source of income in retirement.