Exploring Types of Fixed Annuities

Topics:
Insurance,
Retirement
Tags:
Annuity,
Finance,
Investment
Source:
Investopedia

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Overview: Fixed annuities help stabilize income from investments, and are most commonly used by people who are not fully participating in the workforce, are about to retire or have retired. Fixed annuities are insurance contracts that offer the annuitant - the person who owns the annuity - a set amount of income paid at regular intervals until a period has ended or event has occurred. There are advantages and disadvantages to purchasing a fixed annuity, and there are many types and a vast selection of options that, for a fee, can be added to a basic fixed annuity. Here we go over these different fixed annuities and their advantages and disadvantages.

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Format: HTML | Date: Sep 2005 | Pages: 4

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