Fixed Annuities – The Ideal Low-Risk Investment

A fixed annuity provides both protection and growth for your retirement nest egg. 

This unique investment vehicle can help you grow more income throughout retirement and ensure that you never outlive your money. 

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Below we take a closer look at the benefits of fixed annuities and why so many people consider them the ideal low-risk retirement investment vehicle. 

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Fixed Annuities vs. Variable Annuities

An annuity is a financial contract between you and an insurance carrier.  The contract defines the terms in which you exchange premium payments for income guarantees in the future.

There are two main types of annuities:

Immediate annuities form through a single, one-time, premium payment that loads the entire investment at once.  As a result, all the benefits of the annuity are immediately available. 

Deferred annuities are more convenient to purchase because they form through a series of premium payments made over time.  This option is great for individuals who don’t need income now but want to establish an income stream for the future. 

The funds invested in an annuity grow interest at either a fixed or variable rate.  Both immediate and deferred annuities can have either fixed or variable interest rates.

What Is a Fixed Annuity?

A fixed-rate annuity provides a fixed interest rate of growth for your investment. One of the biggest benefits of a fixed annuity is knowing exactly how much income your investment produces before making your first premium payment.

Having a fixed interest rate means that your investment is protected against market exposure and the economy’s volatile happenings.

A variable annuity provides a variable interest rate that fluctuates depending on market performance.  Variable rates do have the potential for higher gains; however, they also carry risk due to market exposure. There is the possibility of zero gain or even potential capital loss.

A Fixed Annuity Can Provide Lifetime Income

Annuity contracts have flexible design options that allow you to choose how you’d like to receive your future income payments.  One of the options is for lifetime income.

A fixed income annuity takes your investment and turns it into a guaranteed income stream that can last the rest of your life.

A recent report from AARP found that HALF of all Americans cite running out of money as their primary retirement concern.

There are two types of people who share this concern.  (1) Individuals who have not saved enough for retirement. (2) Individuals who have traditional investments 401K, IRA, ext. and carry market exposure. For even if you’ve saved enough for retirement, the far to the familiar crash of 2008 showed that traditional retirement investing is really not all that safe.

A fixed income annuity can relieve you of the fear of outliving your retirement savings.  You can build up your investment over time through a series of income payments, allow that money to grow, and then receive scheduled income payments for the of your life. 

Benefits of Fixed Annuities 

  • Convenient to purchase without breaking your budget
  • Protection from market exposure
  • Guaranteed growth on your investment
  • Income that can last the rest of your life
  • Many insurance companies to shop 

Exploring Your Options

The annuity market is fiercely competitive; as a result, many insurance companies sell these products and compete for your business.   Smart investors will take the time to shop and compare their available options before moving forward with an annuity purchase.  

Our independent agency helps you do just that.  First of all, we work for YOU, not the insurance companies.  We provide free annuity illustrations and help you shop and compare the top carriers across the country.  We’ll help you find the best interest rate and the most convenient design options based on your life circumstances and retirement goals.  

We’ve helped thousands of people prepare and live a successful retirement.  We’d love to help you too!  Fill out the form on your screen to get your free fixed annuity illustration and explore your options today!

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