Are Fixed Annuities Guaranteed for Life?

Shawn Plummer

CEO, The Annuity Expert

Understanding Fixed Annuities

Fixed annuities are a type of retirement investment product. They provide a guaranteed income stream for the life of the annuity owner.

This guarantee is based on the terms of the contract and the financial strength of the insurance company offering the annuity.

Tailor your savings strategy with our detailed retirement calculator.

Key Features of Fixed Annuities

  • Guaranteed Income: Provides a steady, predictable income.
  • Lifetime Payments: Income can be structured to last for the owner’s lifetime.
  • Interest Rates: Fixed annuities have pre-determined interest rates.
  • Safety: Considered low-risk investments.

Our annuity payout calculator provides clarity on your investment’s growth over time.

Examples of Fixed Annuity Benefits

  1. Stable Income: A retiree receives $1,000 monthly for life.
  2. Inflation Protection: Some annuities may include features to adjust payouts for inflation.

Fixed Annuity Benefits

FeatureDescriptionBenefit to Owner
Guaranteed IncomeFixed monthly paymentsFinancial stability
Lifetime PaymentsIncome lasts for the owner’s lifetimeLong-term security
Predetermined RateSet interest rate at purchasePredictable growth
Low-Risk InvestmentBacked by insurance companiesSafety of principal

Conclusion

Fixed annuities offer a guaranteed income for life, providing financial stability and long-term security. They are a reliable choice for retirees seeking a predictable income stream. This makes them a valuable component of a retirement plan. Contact us today for a free quote.

Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

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

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