1. 63333 POINTS
    Peggy Mace, Certified Senior Advisor (CSA)®PRO
    CEO, Outlook Life, Inc, Most of the U.S.
    Fixed income annuities provide a fixed, guaranteed income stream for a set period of years, or for the rest of your life, per your choice. They are generally purchased with a lump sum near or during retirement age and are annuitized (regular payments paid out to the annuitant) immediately upon purchase of the annuity.

    Answered on May 17, 2013
  2. 0 POINTS
    David RacichPRO
    Fountain Hills, Arizona
    The net interest and mortality crediting rate are the two main components for fixed income annuities. The annuity income rider generally charges an expense load which is factored, with few exceptions, on the phantom income account and not the actual cash value account. This can make the income rider charge very pricey. There is a list of annuity income riders that include the charges and whether or not it’s tied to the phantom or actual account. 
    Answered on May 21, 2013
  3. 37376 POINTS
    David G. Pipes, CLU®, RICP®PRO
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    A fixed income annuity is a contact with a life insurance company.  In exchange for a sum of money the company promises to pay a monthly income to you for the balance of your life.  The first major variation of this contract is a deferred fixed income annuity.  The difference is that the sum of money is not applied immediately but deferred until a later date.  There are many other variations of an annuity to include payments that are guaranteed for a specified period of time or payments that last through the lifetime of two people.
    Answered on August 20, 2014
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