What Are Fixed Annuities?
Fixed annuities are financial contracts designed to bring stability and predictability that you can count in to your retirement plan. Unlike investments that rise and fall with the stock market, a fixed annuity will guarantee your principal and offer guaranteed growth, guaranteed income, or both- depending on your needs. Think of it as a partnership with a highly rated insurance company: you set aside money, and in return, they provide dependable benefits such as steady interest, lifetime income you can't outlive, or protection for a spouse or loved ones. Fixed annuities are tools designed to use your retirement money in ways that guarantee you will never outlive your savings and enjoy the retirement you worked so hard to build.