Fixed Annuities
A fixed annuity provides a guaranteed* return on your money over a set period of time and can provide stable growth for retirement.
While fixed indexed annuities offer growth potential linked to market performance, fixed annuities provide steady, predictable returns at a set interest rate.
Benefits of a Fixed Annuity
Guaranteed* interest rate
Earn a predictable return.
Liquidity
Provides the option for surrender-free withdrawals.
Principal protection
Your contributions are secure.
Tax-deferred growth
Pay taxes only when you withdraw.
No market risk
Not affected by market downturns.
How Does a Fixed Annuity Work?
A fixed annuity allows you to make either a one-time payment or a series of contributions to an insurance company. In return, the insurer guarantees* to pay interest at a fixed rate for a set period of time.
The length of that period can vary but the most common timeframe is 3 to 7 years.
One common type of fixed annuity is a Single Premium Deferred Annuity (SPDA).
With an SPDA, you make a single lump-sum payment and allow it to grow tax-deferred over time. Interest accumulates at a guaranteed* fixed rate for set period of time, typically aligned with your retirement goals. SPDAs are often chosen by those looking for short- to long-term growth and security without ongoing contributions.
Is a fixed annuity the right choice for me?
If you prioritize predictability and want to avoid the risks associated with market downturns, a fixed annuity may be the right choice for you.
A fixed annuity is traditionally suited for individuals preparing for or already in retirement who prioritize guaranteed* returns.
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Single-Premium Deferred Annuity (SPDA)
Access & Performance
With guaranteed multi-year rates, tax-deferred growth, and protection from market volatility, Access & Performance SPDA helps you grow your savings with confidence while maintaining flexibility for future income needs and unexpected life events.
Ready To Take the Next Steps?
Talk to your financial professional to learn more about how WealthChoice or Access and Performance could help you prepare for a more predictable retirement.