Fixed Annuities Long Term (6-10 years)
Whether you are heading for retirement or already there, a long-term fixed annuity is designed to help you grow and protect your funds. There is an attractive rate for the entire duration of the contract’s terms, anywhere from six to ten years. Depending on the company and national interest rates, your rate on a long-term fixed annuity could be anywhere from 3-7%. You are not subject to the volatility of the market, and you will not pay taxes on your earnings until you withdraw them from your policy. Long-term fixed annuities have the same features as a short-term annuity; however, you are guaranteed a higher interest rate for a longer period of time with zero risk to your principal. All fixed annuities allow you to withdraw your interest monthly, annually, or remain compounding at a tax-deferred rate.
Long-Term Fixed Annuity Features:
- No risk exposure
- Tax deferral on earnings
- Access to your funds
- Death benefits for your beneficiaries
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