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An annuity is a simple and relatively safe way to create a retirement savings fund.  Annuities come in a wide variety of types, and fixed Fixed Annuitiesannuities are among the most popular for their simplicity.  A fixed annuity requires a one-time premium payment, which is a large lump sum and is locked in at an interest rate determined at the time of payment.  The annuity can then provide retirement income from the interest earned at a later date.


Why A Fixed Annuity?


Annuities are a popular choice for retirement investment because they carry little to no risk and have a nearly guaranteed return.  You will make a one-time premium payment and have a guaranteed interest rate; nothing will change and your return is safe.  You can set up a lifetime annuity payment that will provide you with a secure source of retirement income for as long as you live.  Because it is a fixed annuity, the amount of each payment is predetermined and guaranteed, so you can depend on it each month.


A fixed annuity is tax-deferred and allows you to gift or bequeath money to family and friends tax- and probate-free.  You can buy as many annuities as you would like, each one with the same single premium payment and each with a guaranteed rate of interest growth.


Buying A Fixed Annuity


Fixed annuities are sold by your insurance agent and although they are an investment, they are also an insurance policy.  Your insurance agent can provide you with information on the fixed annuities available to you, including the interest rates and the types that are offered.  The two main types are immediate and deferred fixed annuities, but you can also invest in CD style annuities, which are in fact a blend of an annuity and a CD.


Once you choose your fixed annuity, you make the premium payment and the terms of the policy are in force.  There is nothing more you need to do, and no further investment to make.  If you want to invest more money, you can simply purchase more annuities whenever you are ready.


Fixed annuities are an easy and safe way to guarantee a specified income amount for your retirement years.  Because the interest rate is locked in, the premium is predetermined, and the payment amount is fixed, you can rely on this investment to remain steady and provide you with an income for a specified term or even for life.

Contact Jason D. Brown, your Certified Insurance Counselor, with over 20 years experience to evaluate your needs. He will shop and compare quotes for you, making it very simple to find the right policy for you.  Call 740-998-5544 or email Jason at

Donahue-Stangle-Brown Insurance Agency
 is an independent insurance agency that represents several insurance companies here in Ohio since 1948.  Let us do your insurance shopping for you with our multiple insurance companies we represent.  We offer a wide range from auto insurance,home insurancebusiness insurancebusiness auto insurancelife insurance and farm insurance.  Please contact one of our professionals today at 740-998-5544 in Frankfort or 937-981-2272 in Greenfield.  You are also welcome to contact us via EMAIL.

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Posted 12:35 PM  View Comments

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