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in a fixed annuity which of the following Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

How do fixed annuities work?

The rates on fixed annuities are derived from the yield that the life insurance company generates from its investment portfolio, which is invested primarily in high-quality corporate and government bonds. The insurance company is then responsible for paying whatever rate it has promised in the annuity contract.

What are the different types of fixed annuities?

Fixed annuities can be divided into three broad types: traditional, index and multi-year guaranteed. Traditional fixed annuities, also known as guarantee fixed annuities, accumulate money based on a fixed interest rate set at the beginning of your contract.

What is a fixed annuity contract?

Your fixed annuity contract will include a minimum guaranteed rate. The guarantee from the annuity company is that the interest on your fixed annuity will not dip below that rate. The company also guarantees the principal investment.

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