What is Fixed Annuities?
Fixed annuities are financial products provided by insurance companies. They provide a steady source of income by guaranteeing a fixed interest rate for a predetermined amount of time. An annuity can offer regular payments for a predetermined period of time or the annuitant's lifetime, and earnings increase tax-deferred. No market risk exists, but returns might not rise at the rate of inflation. Prior to investing, it is vital to comprehend the terms and speak with a financial counselor.
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