Annuities

Fixed Annuities

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Buy fixed annuities

You can compare rates for CD-type annuities online on WholesaleInsurance.net. If you want other fixed annuities or wish to make a purchase, you can do so over the phone with one of our service people M—F: 1-800-823-4852.

What are fixed annuities?

Fixed annuities are the type of deferred annuity that offers the lowest risk to the owner. You pay a certain premium per month, and you're guaranteed to have a certain amount of growth from interest, no more, no less.

As always happens when you opt for lower personal risk in a financial product, you also limit room for financial growth. Other varieties of deferred annuity have potential for a higher return.

What's fixed about fixed annuities?

What's fixed about fixed annuities is their rate of interest.

Fixed, but not indefinitely

You might think that with "fixed" in the name of the product, a fixed annuity would provide its guaranteed interest rate forever. The truth is that the interest rate is often only fixed for a certain period.

For example, you might enjoy 7% interest for 5 years, after which time your interest rate may be altered at any time by the life insurance company, usually depending on market (and company) performance.

After the fixed period, your annuity's interest rate may vary considerably, but the annuity should maintain another guarantee, a minimum interest rate below which your actual interest rate will never drop. The guaranteed minimum interest rate will, of course, be significantly lower than your initial, "fixed" interest rate.

If you begin your payout phase before your fixed period ends, of course, you never have to concern yourself with a varying interest rate.

CD-type annuities

CD-type annuities are a variety of fixed annuity whose accumulation phase lasts for a pre-determined time. This differs from ordinary fixed annuities, for which you can prolong your accumulation phase indefinitely and choose at any time to end the accumulation phase and start the payout phase.

A few of the carriers we quote

For assistance call 1-800-823-4852 7am–6pm M–Th, 8am–5pm Friday (Pacific time).
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R. Jan Pinney CLU, ChFC, is a licensed life insurance agent in all states and the District of Columbia. The following agent license numbers are provided for R. Jan Pinney as required by state law: CA agent #0440057, LA agent #291116, MA agent #1674866, MN agent #20270113, UT agent #58330, agent R. Jan Pinney, DBA Pinney Wholesale Insurance Services. Commercial use by others is prohibited by law. This site provides term quotes. Each rate shown is a quote based on information provided by the carrier. No portion of WholesaleInsurance.net may be copied, published, faxed, mailed or distributed in any manner for any purpose without prior written authorization of the owner.