{"id":5889,"date":"2022-05-12T12:59:06","date_gmt":"2022-05-12T12:59:06","guid":{"rendered":"https:\/\/www.annuityfyi.com\/?page_id=5889"},"modified":"2024-01-04T15:52:53","modified_gmt":"2024-01-04T15:52:53","slug":"fixed-annuities","status":"publish","type":"page","link":"https:\/\/www.annuityfyi.com\/fixed-annuities\/","title":{"rendered":"Fixed Annuities"},"content":{"rendered":"
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What is a Fixed Annuity?<\/strong><\/h2>\n\n\n\n

Multi-Year Guarantee Annuity is a term used to describe a fixed annuity that has an interest rate guarantee for the same period of time as its surrender period. For example, an annuity with a guaranteed interest rate of 5% per year for five years, where there are no surrender penalties after five years. Some offer a higher rate the first year, and a lower, but guaranteed rate, for all subsequent years of the surrender period \u2013 e.g. 8.5% first year, with a guaranteed renewal at 4% for years 2-5 for a blended average of 4.88% per year for five years. The key feature is that you know what interest rate you get for the entire surrender period, and for this reason we ONLY recommend Multi-Year Guarantee Annuities.<\/p>\n\n\n

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\n\nSee Current Rates<\/a>\n\n<\/div>\n<\/div><\/div><\/div>\n<\/div>\n\n\n
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