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Fixed annuities are essentially CD-like investments issued by insurance companies. Like CDs, they pay guaranteed rates of interest, in many cases higher than bank CDs. Fixed annuities can be deferred or immediate. The deferred variety accumulate regular rates of interest and the immediate kind make fixed payments - determined by your age and size of your annuity - during retirement. The convenience and predictability of a set payout makes a fixed annuity a popular option for retirees who want a known income stream to supplement their other retirement income. Fixed annuities pay guaranteed rates of interest, which makes them appealing to investors wary of the stock market's ups and downs. What also makes them appealing are their low investment minimums - usually $1,000 to $10,000 - and the fact that the interest they pay escapes taxation until you pull it out.

A fixed annuity is a retirement savings vehicle — it's a contract between you and an insurance company. In return for making one or more premium payments, you earn a fixed rate of return. Upon annuitization, you can elect to receive payment all at once or as a series of fixed payments, even for the rest of your life. All guarantees are backed by the continued claims paying ability of the issuing insurance company. Before you buy a fixed annuity, however, you should understand how it works, its features, benefits, surrender charges, and limitations.

Fixed annuities are designed for long-term investing to help meet retirement and other long-range goals. Fixed annuities are not suitable for short-term goals because substantial tax penalties and early surrender charges may apply if you withdraw your money early. In addition, withdrawals prior to age 59½ may be subject to a 10% IRS penalty. Click below on any of the links to get online Fixed Annuity, Fixed Annuity Rate, Fixed Term Annuity quotes and other annuity quotes.