Annuity Type
Fixed Annuities
A fixed annuity offers a guaranteed interest rate for a set number of years, full principal protection, and tax-deferred growth — the simplest way to lock in predictable returns on your retirement savings.
How a fixed annuity works
You deposit a lump sum with an insurance company. In exchange, the insurer guarantees a fixed interest rate for a specific period (often 3–10 years). Your principal is protected, your growth is tax-deferred until you withdraw, and you decide whether to take income, renew, or move the funds when the term ends.
Why retirees choose fixed annuities
- 100% principal protection — the insurance company guarantees your original deposit
- A known interest rate for the entire term, no market surprises
- Tax-deferred growth: no 1099 until you take money out
- Optional income riders can turn the balance into lifetime income
- Often pay meaningfully higher rates than bank CDs of the same length
What to compare
Rates vary by carrier, term length, and state. When comparing fixed annuities, look at the guaranteed rate, the length of the surrender period, the free-withdrawal allowance each year, and the financial strength rating of the issuing insurance company. A licensed advisor can pull current quotes from multiple carriers so you can see the real options side by side.
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Related
Fixed Indexed Annuities (FIAs)
Market-linked interest crediting with a guaranteed zero floor on losses.
MYGAs (Multi-Year Guaranteed Annuities)
Lock in a fixed rate for 2–10 years with tax-deferred growth.
Retirement Income Planning
Turn savings into predictable monthly income for life.
Annuities Overview
Compare all three main annuity types side by side.
Get current fixed annuity rates
A licensed specialist will send you current rates from top-rated carriers in your state.