What Is A Fixed Life Annuity?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The term “fixed” has to do with the cash accumulation of the annuity. It means that the money is invested in the fixed assets administered by the insurance company issuing the annuity. This is almost always guaranteed interest. Current interest can be credited, market permitting but there is always that guaranteed rate of interest.
    Answered on November 4, 2014
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