What is the definition of a fixed annuity?

Answer A fixed annuity is an investment tool purchased through a life insurance company. The annuity provides a guaranteed rate of return with little to no risk, making it a popular choice for people ente... Read More »

Top Q&A For: What is the definition of a fixed annuity

What is a fixed-rate annuity?

A fixed annuity is an investment that allows an investor to receive a guaranteed rate of return for a period of one to 10 years. Fixed-rate annuities provide investors with a consistent return, but... Read More »

Is an eia annuity a fixed annuity?

Equity-indexed annuities are fixed annuities. However, an EIA differs from other fixed annuities in the way it credits interest. EIAs use various complex formulas while other fixed annuities credit... Read More »

Is a Fixed Annuity Qualified?

A fixed annuity is an insurance policy designed to help you accumulate a savings for retirement. Annuities normally guarantee a payment to you either immediately or sometime in the future. A fixed ... Read More »

Can creditors attach a fixed annuity?

Fixed annuity accounts remain protected and exempt from garnishment by creditors in the majority of states. Each state's insurance department regulates annuities, resulting in different credit-rela... Read More »