If you’re looking to protect a portion of your assets from market losses and generate predictable income you cannot outlive, a fixed annuity may be a smart choice for you.
What is an annuity?
An annuity is a contract between you and a licensed and regulated insurance company in which you make a lump-sum payment or series of payments and, in return, receive disbursements, either immediately or at some point in the future. Fixed, fixed index, registered index-linked and variable annuities each come with their own level of risk and payout potential.
What is a fixed annuity?
A fixed annuity is a tax-deferred retirement savings vehicle that provides fixed asset accumulation, much like a CD. With a fixed annuity, you may benefit from: