fixed annuity

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fixed annuity

n.
An annuity in which payments to the annuitant are unchanging over a specified period or over the annuitant's lifetime.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
References in periodicals archive ?
An indexed annuity is in, whereas a deferred income annuity, or a fixed income annuity or longevity insurance is out!
Using a fixed income annuity can help minimize this risk because the payments are fixed in advance.
Launched in July of 2009 and dubbed Select Retirement, the fixed income annuity is an addition to Nationwide's Select Unified Managed Account program.
Insurance providers may look to appeal to clients who want the stability of a fixed income annuity but the growth potential of a variable option by creating innovative solutions that include both fixed and variable lifetime income options.
Select Retirement employs a fixed income annuity issued by Nationwide Life Insurance Company (Nationwide) to provide a distinct way to create guaranteed lifetime income from the Select UMA account.
A fixed income annuity may not keep pace with inflation.
In the second quarter of 2012, Security Benefit's Secure Income product became the leading fixed income annuity, capturing $645 million in sales, the report states.
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