Fixed Annuities are CD-like investments issued by insurance companies. Like CDs, they pay guaranteed rates of interest, in many cases higher than bank CDs.
There are two main types of fixed annuities, a single premium immediate annuity and a deferred annuity. Any interest earned is tax deferred until you elect to receive distributions which can be for a specific number of years or over your lifetime.
For advice and guidance, please call one of our experienced and licensed insurance professionals at (888) 234-0532. We will gladly walk you through the options best suited for your specific needs.