Fixed Annuity
An insurance contract in which the insurance company makes fixed dollar payments to the annuitant for the term of the contract, usually until the annuitant dies. The insurance company guarantees both earnings and principal. Investopedia Says:
A fairly good financial instrument for those looking to receive a fixed investment income. Related Terms:
Annuity
Hybrid Annuity
Income Annuity
Life Annuity
Pension Maximization
Variable Annuity |