Fixed Annuity

What Does Fixed Annuity Mean?
An insurance contract in which the insurance company makes fixed dollar payments to the annuitant for the term of the contract, usually until the annuitant dies. The insurance company guarantees both earnings and principal.

Investopedia explains Fixed Annuity
A fairly good financial instrument for those looking to receive a fixed investment income.

Filed Under: Bonds, Fixed Income, Insurance

Related Terms

Annuity
Annuity Ladder
Hybrid Annuity
Income Annuity
Life Annuity
Pension Maximization
Variable Annuity
More Related Terms

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