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Fixed Annuity And Its Type

A Fixed Annuity is an insurance contract that guarantees the buyer a fixed interest rate on their contributions for a specific period of time. In this ppt, we are discussing fixed annuity and its type. With a fixed annuity, you can choose to receive guaranteed payments for a set number of years or a lump sum payment. <br>

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Fixed Annuity And Its Type

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  1. Fixed Annuity

  2. Fixed Annuity Points to discuss: How Does It Work? About Fixed Annuity Types of Fixed Annuities

  3. About Fixed Annuity A fixed annuity is an insurance contract that guarantees the buyer a fixed interest rate on their contributions for a specific period of time

  4. How Does Fixed Annuity Work? Typically, the insurance company will then give you an initial interest rate, which may last for part or all of your guarantee period. On the other hand, you may receive an initial rate for the first year and a minimum rate for the duration of your guarantee period. If it’s the latter, a new rate will be set every year.

  5. Traditional Fixed Types of Fixed Annuities Multi-Year Guaranteed Annuity (MYGA) Fixed Index Annuity

  6. Traditional Fixed Annuities A Traditional Fixed Annuity is a type of annuity contract that credits an interest rate that is declared one year at a time. Insurance companies may increase the interest rate on your traditional fixed annuity contract after a specified period, such as two years. The new interest rate cannot fall below the minimum rate specified in your contract.

  7. Fixed Index Annuity A fixed indexed annuity is a tax- deferred, long-term savings option that provides principal protection in a down market and opportunity for growth. It gives you more growth potential than a fixed annuity along with less risk and less potential return than a variable annuity.

  8. Multi-Year Guaranteed Annuity (MYGA) A multi-year guaranteed annuity, or MYGA, is a type of fixed annuity that offers a guaranteed fixed interest rate for a certain period, usually from three to 10 years. A MYGA is appropriate for someone who is closer to retirement, and prefers tax deferral and a guarantee of investment return.

  9. Thank You Address: Carlaw Ave Toronto Ontario M4M 2T4 Canada Phone no: 800-461-4085 Website: https://www.advisorworld.com/

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