Florida Annuities Fixed

Fixed annuities are interest baring products similar to CD's, but they are geared specifically towards your retirement savings. Usually, a lump sum of cash is used to purchase the annuity. The interest rate is locks in at current rates that stay stable during the life of the annuity.

Fixed annuities offer the investor very little risk that also have more liquidity than CD's, are tax deferred and typically offer higher interest rates than CD's, bonds, treasuries notes or money market accounts.

The fixed annuity uses one of two different distribution methods one is immediate the other is deferred. An immediate fixed annuity start issuing monthly payments usually right away or with the first year and pays out until the initial premium plus all interest is paid. On the other hand deferred annuities do not pay out until the end of their term, compounding interest like a typical retirement savings account.

Most all fixed annuities offer a lifetime income option that allows you to convert your accumulated savings into a guaranteed monthly income for the rest of your life. This feature is highly desirable to many retirees and sets annuities apart from other types of retirement investments such as CD's.

Remember, not all types of annuities are right for everyone, we can help you to determine what fits your needs and goals. To find out if a fixed annuity is right for you, contact Florida Affordable Insurance today, by phone or click on any of our contact links throughout our site.

• Fixed Annuities
• Indexed Annuities
• Multi Year Guarantee Annuities MYGA
• Bonus Annuities
• Single Premium Deferred Annuities
• Single Premium Immediate Annuities
• CD's Verses Annuities