Traditional Fixed Annuity

Traditional Fixed Annuity

A set interest rate credited each year

The first year rate is guaranteed, but not the subsequent years

Different from a MYGA, where the interest rate is guaranteed for the life of the policy.  The Fixed annuity pays a predetermined rate in the first year, but then can fluctuate (usually decrease) each year thereafter.  The first year rate is usually higher than the guaranteed multi-year rates in MYGAs, but if the rate drops significantly in the following years it may end up under performing compared to a MYGA.  Unlike MYGAs, some Fixed annuities come with benefits like lifetime income riders.

We can help with rates, and selecting the very best annuity type for each client situation.