A fixed annuity is a type of insurance product that provides a guaranteed return on your investment and predictable income over a specified period of time. With a fixed annuity, you typically make a lump-sum payment or a series of payments to an insurance company, which then invests the money. In return, the insurer agrees to pay you a fixed amount of income, either immediately or at a future date. **Key features of fixed annuities include:** 1.
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