Fixed Annuities
What Is a Fixed Annuity?
A fixed annuity is a contract with an insurance company where you give them a lump sum, they guarantee a fixed interest rate for a set period, and your principal is protected from market loss.
Think of it like a CD issued by an insurance company:
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Usually higher rates than bank CDs
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Earnings grow tax-deferred
Later, you can take withdrawals, annuitize into guaranteed income, or roll into another annuity.
Key Features of Fixed Annuities Guaranteed interest rate, no market risk, tax-deferred growth, optional income riders for lifetime income, and beneficiary protection that often avoids probate.
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Safety of Principal: Your money is protected from market volatility.
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Predictable Growth: Know exactly what your money will earn.
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Tax Deferral: No taxes on growth until you withdraw funds.
Types of Fixed Annuities: Multi-Year Guaranteed Annuities (MYGA) offer fixed rates for 3-10 years — simple and popular. Fixed Annuities with Income Riders build an income base that can create lifetime income.
At Seniors Insurance Hub, we believe your health coverage should come with financial predictability. That’s why we specialize in Medicare Advantage Prescription Drug (MAPD) plans. These “all-in-one” plans replace open-ended costs with fixed, manageable copays, so you always know what to expect.
