When you purchase a Fixed Annuity, you are locking in a particular interest rate for a specific guarantee period. Once the guarantee period ends, a new period begins with a new locked-in interest rate. Annuities are not insured by the Federal Deposit Insurance Corporation (FDIC), so choosing a company that can back your investment is essential. Please see our company financial rating page to learn how to evaluate the financial security you can expect from your annuity provider.
You have two options when purchasing fixed annuities: make a single lump-sum payment for a single premium annuity or you can contribute over time to a flexible payment annuity. In the latter case, you can make smaller contributions over a long period of time.
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