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.
References in periodicals archive ?
* Immediate fixed-income annuities, which start pay-ments upon a participant's retirement;
* Subject to investment risk or interest-rate changes in period leading up to retirement (except for deferred fixed-income annuities and GMWB annuities); and
Adding inflation protection riders to fixed-income annuities is one solution that can help.