A fixed annuity is an investment contract sold by an insurance company that guarantees fixed payments to an annuitant either for life or for a specified period.
Hybrid annuities offer a mix of fixed and variable annuity benefits, providing guaranteed returns alongside the potential for higher gains.
A comprehensive guide to fixed annuities, including their uses in investing, benefits and drawbacks, and how they provide guaranteed income and interest rates.
An in-depth look at variable annuities, understanding their mechanism, and how they differ from fixed annuities.
