Learn more about:
A fixed annuity gives you the stability of a fixed interest rate that’s guaranteed to never drop below a minimum interest rate determined by the company.
Here are some things to know as you consider a fixed annuity:
- A fixed annuity can guarantee a stream of fixed payments over the life of the annuitant.
- It can be a deferred annuity, which provides for a stream of payments at a later date, or an immediate annuity, which gives you access to a stream of income immediately after you purchase it.
- A fixed annuity can be flexible or single premium. Flexible premium annuities allow for multiple purchase payments, while a single premium annuity requires one lump-sum purchase payment.
While more and more Americans are choosing to retire at a younger age, life expectancies are rising, which means that people are spending more years in retirement. A fixed annuity may protect what you’ve accumulated, plus offer the option of lifetime income.
Spend less time worrying and more time enjoying your retirement.
Data represents a snapshot of average retirement age in that calendar year and life expectancy for babies born that year.
1 U.S. Department of Labor, Bureau of Labor Statistics
2 National Center for Health Statistics, National Vital Statistics Reports
3 2010 projections based on data from U.S. Census Bureau
Great American Insurance Company. All Rights Reserved.