Fixed annuity

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.

Related Terms: 9 Annuity, Call, Guarantee, Insurance, Insured, Insurer, Offer, Risk, UIT

Other Related Pages: Category: Insurance Starting With: F

Additional Related Terms: 10-K, Annuity unit, Accrual of discount, Amortization of premium, At par, All or any part, At best, At call, Adjustable life insurance, All-risks coverage