A fixed annuity is a contract between you and an insurance company that guarantees a fixed rate of return on your investment over a specified period of time. Fixed annuities are popular retirement savings vehicles because they offer predictable, tax-deferred growth and can be converted into a guaranteed income stream in retirement — providing financial security that other investments cannot guarantee.
With a fixed annuity, you make a lump-sum or series of payments to an insurance carrier, which then grows at a declared interest rate during the accumulation phase. When you are ready to begin receiving income, the annuity can be annuitized to provide regular payments for a specified period or for the rest of your life. Fixed annuities carry no market risk — your principal and credited interest are protected regardless of market performance.
At Insure USA, Inc. in Orlando, Florida, our licensed agents can help you evaluate whether a fixed annuity is the right tool for your retirement strategy. We work with multiple carriers to find the most competitive rates and terms. Contact us today for a free, no-obligation consultation.