What Is a Traditional Fixed Annuity?
A Traditional Fixed Annuity is a policy in which the carrier gives the annuity-holder fixed amount payments for the length of the contract, which generally ends when the client passes away.
Why Choose a Traditional Fixed Annuity?
The insurance company guarantees both the client?s earnings and principal. Traditional Fixed Annuities have a minimum rate of interest, and are regulated by state commissioners, providing a safe and tax-deferred way to grow the policyholder?s money.
Who Does a Traditional Fixed Annuity Benefit?
This is great for clients looking to receive constant investment income. Additionally, when the policyholder passes away, the money goes straight to the beneficiaries of the contract.
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