A fixed annuity gives you the stability of a fixed interest rate that’s guaranteed for a set number of years.

Here are some things to know as you consider a fixed annuity:

  • A fixed annuity provides principal protection. This means, regardless of market conditions, you won’t lose the money you contribute to your annuity unless you take a withdrawal or surrender your contract during the early withdrawal charge period.
  • Fixed annuities grow in value at a fixed interest rate that is guaranteed for one or more years.
  • Fixed annuities credit a rate that will never be lower than the guaranteed minimum interest rate stated in your contract.