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Fixed deferred annuities can be well suited for investors who are looking for the safety of a more conservative retirement investment. A fixed annuity offers the stability of a fixed, guaranteed rate of return. Plus, the interest you earn is tax-deferred until you begin making withdrawals. Fixed annuities also offer the advantage of competitive interest rates versus many other fixed-rate products.
Overview
Fixed annuities can be bought from insurance companies or financial institutions with a lump-sum payment (usually most of the annuitant's cash and cash equivalent savings), or they can be paid for on a periodic basis while the annuitant is working. The money that is invested in the annuity is guaranteed to earn a fixed rate of return throughout the accumulation phase of the annuity. During the
annuity pay out phase, the money invested less payouts will continue to grow at this fixed rate. In some cases, however, annuitants don't live long enough to claim the full amount of their annuities. When this happens, they end up passing on the remainder of their annuity savings to the company that sold them the annuity. But whether the annuitant chooses to try to avoid this depends on the kind of policy she chooses.
When you are considering purchasing a fixed annuity, it is important to remember that you can often negotiate the price of these products. Also, the amount of money that an annuity will pay out varies (sometimes greatly) between financial intermediaries selling these products, so it's best to shop around and avoid making quick decisions.
Build Your Financial Future with a Fixed Annuity
When you choose a fixed annuity from Principal Life Insurance Company, you receive an investment option that avoids stock market volatility, plus you can select an income benefit that guarantees a stream of income for life. And unlike many other investments, such as a CD1, with a fixed annuity you also receive specific tax benefits. Fixed Annuities offers the following:
Single Premium Deferred Annuities - Chose from a portfolio of products that offer a variety of guarantee periods, an option that might provide an additional interest rate in the first year and indexed annuities that calculates earnings based on the S&P 500 Index2.
Flexible Premium Deferred Annuity Plus - A flexible product that allows the convenience of additional premium contributions into one contract. Allowing you the opportunity to grow additional income for retirement.
