Fixed Annuities

An insurance contract in which the insurance company makes fixed dollar payments to the annuitant for the term of the contract, usually until the annuitant dies. The insurance company guarantees both earnings and principal.

 

Multi-Year Guarantee Annuities

You give a specific amount of money to an insurance company, and the insurer guarantees that your investment will earn a specific rate of compound interest for a specific number of years.

 

An annuity contract that is purchased with a single lump-sum payment and in exchange, pays a guaranteed income that starts almost immediately.