Designed for people who are looking to save money and have the ability to draw protected income from their annuity for retirement.
How It Works
A Fixed Annuity provides a fixed interest rate that offers a high level of predictability, along with flexible payment choices including the option for a lifetime income.
- • Rate of interest is guaranteed for a specific period of time.
- • Protection from market downturns.
- • A choice of payment options, including protected lifetime income for as long as you live.
- • Income can begin immediately or be deferred to a later date.
- • You may not have to pay taxes on any interest earned until the money is withdrawn.
- • Access to your funds at any time, possibly subject to charges.
- • There may be charges and a tax penalty for early withdrawals.