Fixed Annuity Contracts

A fixed annuity is a contract sold by an insurance company. The purchaser makes contributions into the annuity either as a lump sum (referred to as a single premium annuity) or over a period of time. The annuity returns the investment and any earnings to the owner at a later date.

The Basics

A fixed annuity is a contract sold by an insurance company. The purchaser makes contributions into the annuity either as a lump sum (referred to as a single premium annuity) or over a period of time. The annuity returns the investment and any earnings to the owner at a later date.

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