Definition Of Fixed Annuity

American Heritage Dictionary of. A fixed indexed annuity is a tax-deferred long-term savings option that provides principal protection in a down market and opportunity for growth. A fixed-indexed annuity is a type of annuity that grows at the greater of a an annual guaranteed minimum rate of return.

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The insurance company invests its assets including your premium so it will be able to pay the rate of return that it has promised to pay.

Definition of fixed annuity. A fixed annuity is only one type of annuity so its important to understand first what an annuity is. A fixed annuity is a contract between the policyholder and an insurance company. American Heritage Dictionary of the English Language Fifth Edition.

An annuity is a contract typically with an insurance company that promises to pay a. Or b the return from a specified stock market index such as the SP 500 reduced by certain expenses and formulas. Annuities certain and contingent annuities.

You pay for a steady stream of income. You pay the required premium either in a lump sum or in installments. What is a Fixed Annuity.

This is a payment made at a fixed interval. The insurance company evaluates the risk involved analyzes the fixed securities market and sets a rate of return. Under a fixed annuity contract also known as a fixed deferred annuity the annuity owner makes a deposit with the insurance company and the insurance company guarantees the annuity account will be credited.

Define Fixed Dollar Annuity. A fixed annuity is a contract between you and an insurance provider. A policyholder will make a lump sum payment or a series of payments in exchange for a guaranteed amount of income starting on a certain date.

The fixed index annuity definition according to AnnuityFYI is as follows. A fixed annuity provides a way to save money over the long term allowing interest to accumulate tax deferred. An annuity in which payments to the annuitant are unchanging over a specified period or over the annuitants lifetime.