Advantages of Fixed Annuities

Benefits For Annuity Purchases

Fixed annuities pay guaranteed rates of interest, which makes them appealing to investors wary of the stock market's ups and downs. What also makes them appealing are their low investment minimums - usually $1,000 to $10,000 - and the fact that the interest they pay escapes taxation until you pull it out.

For retirement planing, annuities are considered as the best available option because it can provide the contract owner guaranteed income for a pre-specified period. Annuity is a solution for many financial problems. In many of its advantages three primary advantages are tax deferral, avoidance of probate and a guaranteed income for a fixed time period.

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