Fixed Annuities
Reliable returns with a simple structure
A fixed annuity offers a guaranteed* return on your premiums over a specified term and can provide stable and predictable income.
Unlike a fixed indexed annuity, which ties your earnings potential to a market index, a fixed annuity gives you consistent returns at a fixed interest rate, shielding your savings from market downturns.
Stability
Protection
Fixed Annuities
Reliable returns with a simple structure
A fixed annuity offers a guaranteed* return on your premiums over a specified term and can provide stable and predictable income.
Unlike a fixed indexed annuity, which ties your earnings potential to a market index, a fixed annuity gives you consistent returns at a fixed interest rate, shielding your savings from market downturns.
What are the benefits of a fixed annuity?
Fixed annuities offer the assurance of a guaranteed* interest rate, which can provide a predictable income stream for a specific period.
This makes a fixed annuity a reliable choice for retirees looking for stability and protection.
How does a fixed annuity work?
When you purchase a fixed annuity, you make a lump sum payment or series of payments to an insurance company.
In return, the insurance company agrees to pay a fixed interest rate periodically for the duration of the annuity term. This term can be a number of years or for life, depending on your contract.
One type of fixed annuity is a Multi-Year Guarantee Annuity, or MYGA, for short.
When purchasing a MYGA, you choose the “guarantee period” you would like. Guarantee* periods often range from 3 to 10 years.
The annual interest rate is declared at the time of purchase and is guaranteed* for the entire length of the contract. Generally, the longer the duration, the higher the rate.
Is a fixed annuity a good idea for me?
If you value financial predictability and want to avoid the risks associated with market fluctuations, a fixed annuity may be the right fit for you.
A fixed annuity is especially suited for those nearing or in retirement who prioritize guaranteed* growth.
Guaranty Income Life Fixed Annuities
Guaranty Rate Lock
Multi-Year Guaranteed Annuity (MYGA)
Simplicity, Security, and Growth
Earn a guaranteed* interest rate for steady, worry-free financial progress
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Talk to your financial professional to learn more about how WealthChoice or Guaranty Rate Lock could help you achieve your retirement goals.