Close this search box.

Always refer to your contract

refer to your contract

It’s also important to note that fixed annuities are not influenced by the performance of a portfolio or investment. That’s not the case with variable annuities and indexed annuities that are tied to the market.

Fixed Index Annuity is a fixed rate but attached to the market.

Fixed Index Annuity

Variable Rate Annuity is a fixed rate but attached to the market.

Variable Rate Annuity

As for fixed annuity income payments they can be guaranteed for life. These are also referred to as a life annuity or single-life annuity. When you think of an annuity, this is probably what you envision.

However, you can receive payments for a set number of years, such as for 25 years. These are commonly called period certain annuities or term certain annuities Again, this is spelled out in the terms of the contract.

But, there’s a third option. And, that’s receiving your annuity income benefits in one big payment, aka a lump sum.

Chapters - Fixed Annuity

About Due

Due makes it easier to retire on your terms. We give you a realistic view on exactly where you’re at financially so when you retire you know how much money you’ll get each month. Get started today.

Due Fact-Checking Standards and Processes

To ensure we’re putting out the highest content standards, we sought out the help of certified financial experts and accredited individuals to verify our advice. We also rely on them for the most up to date information and data to make sure our in-depth research has the facts right, for today… Not yesterday. Our financial expert review board allows our readers to not only trust the information they are reading but to act on it as well. Most of our authors are CFP (Certified Financial Planners) or CRPC (Chartered Retirement Planning Counselor) certified and all have college degrees. Learn more about annuities, retirement advice and take the correct steps towards financial freedom and knowing exactly where you stand today. Learn everything about our top-notch financial expert reviews below… Learn More