Annuities, The Big Three: Fixed Interest, Fixed Indexed, and Variable

A bank guarantees the deposit and interest on a bank CD, with a fixed interest annuity, the insurance company guarantees the product. There is one basic different between a bank CD and a fixed interest annuity, the tax liability on interest earned in a fixed interest annuity is deferred until the funds are touched or used. Interest rates can vary between states of residence and offerings from insurance companies.

By |2020-04-12T23:29:28+00:00February 17th, 2019|Annuities|