fixed annuity

Definition
An investment vehicle offered by an insurance company, that guarantees a stream of fixed payments over the life of the annuity. The insurer, not the insured, takes the investment risk. also called fixed dollar annuity.




fixed annuity is ...
... part of the
Insurance subject.


Related Terms

variable annuity -  More
hybrid annuity -
combination annuity -  More
security
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