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fixed annuity
(redirected from Fixed annuities)

    Also found in: Financial 0.01 sec.
fixed annuity
n.
An annuity in which payments to the annuitant are unchanging over a specified period or over the annuitant's lifetime.
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Besides developments on the income annuity front, Montminy suggests more insurers are poised to make long term care insurance features available with their fixed annuities, giving contract holders the ability to tap into annuity value to pay for long term care.
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has added Pacific Explorer, a deferred fixed annuity, to its family of fixed annuities.
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The irony is that these guarantees have been added to variable annuities to make them look and perform more like fixed annuities.
Bond of a guarantee: the risk of a broken promise may have ... by MacDonald, Robert W. / Best's Review
 
 
 
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