What is a Fixed Term Annuity?
A fixed or “CD Type” annuity is one of the best options available for safe money vehicles. A fixed annuity earns interest that is guaranteed by the insurance company for a specific period of time. What are Immediate Annuities? Immediate Annuities provide for payments to you right away. For example a retiree who sells a home or business may use the sale proceeds to fund an Immediate Annuity to provide immediate regular income for a specified number of years or so long as they are living. What are Deferred Annuities? Deferred Annuities specify that payments to you will begin at some date in the future, generally at retirement. Deferred Annuities are commonly used by people 1- 20 years from retirement that wish to provide for economic security during their retirement years. A deferred annuity can be structured to disperse earnings or can be rolled over into an immediate annuity for distribution. How is Money Paid Out from Annuities? Money is typically paid out for a set number of years (u
