google bot detected Fixed Annuity | Insurance Glossary | Realestateagent.com

Fixed Annuity


Definition of "Fixed annuity"

Same as term Fixed Dollar Annuity: annuity that guarantees that a specific sum of money will be paid in the future, usually as monthly income, to an annuitant. For example, a $1000-a-month income benefit will be paid as long as the annuitant lives; the dollar amount will not fluctuate regardless of adverse changes in the insurance company's mortality experience, investment return, and expenses.



Related Real Estate Glossary terms

Related Real Estate FAQ