What is a Declared-Rate Annuity and How Does It Work?

Shawn Plummer

CEO, The Annuity Expert

A declared-rate annuity is a type of annuity that has a guaranteed interest rate. This means that the interest rate will not change, even if the market conditions do. This can be a great option for someone who wants to know exactly what their payments will be each month. In this guide, we will discuss how a declared-rate annuity works and why it might be a good choice for you!

How Does A Declared-Rate Annuity Work?

When you purchase a declared-rate annuity, you are guaranteed that the interest rate will not change for the duration of the annuity. This can provide peace of mind, especially if you are worried about market fluctuations. The payments from a declared-rate annuity are also fixed, so you will know exactly how much you will receive each month.

One of the main advantages of a declared-rate annuity is that it can provide stability in retirement. This can be a great option for someone who wants to know exactly how much they will have each month. With a declared-rate annuity, you can also choose to receive your payments for a set period of time or for the rest of your life.

A declared-rate annuity is also known as a fixed annuity or multi-year guarantee annuity.


If you are interested in learning more about declared-rate annuities, please contact us today! We would be happy to discuss this option with you and help you decide if it is right for you. Thanks for reading!

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Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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