A guaranteed rate. Zero market risk. Income for life.
A fixed annuity is a contract with an A+ rated carrier that pays a guaranteed interest rate, grows tax-deferred, and can turn into a paycheck you can never outlive.
How a fixed annuity works
You deposit a lump sum, the carrier guarantees your interest rate for a set term, and your money compounds without being taxed until you take it out. At the end of the term you can withdraw, renew, or convert to lifetime income.
- Guaranteed interest rate — not tied to the stock market
- Principal protected by the issuing carrier
- Tax-deferred growth until withdrawal
- Typically 10% penalty-free withdrawals each year
- Optional lifetime income rider for guaranteed monthly payments
Locked-in growth
Your rate is contractually guaranteed for the full term, so you know exactly what your account will be worth.
Better than most CDs
Fixed annuities frequently pay more than bank CDs, and the interest isn't taxed each year while it compounds.
Income you can't outlive
When you're ready, the contract can pay a guaranteed monthly amount for the rest of your life — or both spouses' lives.
Sample guaranteed rates
Illustrative rates from A+ rated carriers. Your actual rate depends on carrier, term, and deposit amount.
| Term | Guaranteed rate | Notes |
|---|---|---|
| 3 years | 5.00% | Shortest commitment |
| 5 years | 5.40% | Most popular |
| 7 years | 5.65% | Highest guaranteed rate |
Rates shown are examples and subject to change. Withdrawals before the end of the term may be subject to surrender charges. Guarantees are backed by the issuing carrier.
How a fixed annuity works
A short, animated walkthrough — how a guaranteed rate and tax-deferred growth turn a one-time deposit into income you can't outlive.
Sample rates shown are illustrative. Actual rates depend on carrier, term, and deposit amount. Withdrawals before the end of the term may be subject to surrender charges.
From annuity clients
Safe money, working harder.
"My CD was paying almost nothing. They moved it into a five-year fixed annuity at a guaranteed rate and I finally stopped worrying about the market."
"I wanted a paycheck, not a portfolio. The income rider gives my wife and me a guaranteed monthly deposit for the rest of our lives."
"They walked me through the surrender schedule line by line before I signed anything. No surprises, and the rate was better than my bank's."
See what your savings could earn
A licensed agent will compare current fixed annuity rates from A+ rated carriers — free, no obligation.