Q: What is a "Fixed" Deferred Annuity?
A: The 'fixed' in Fixed Deferred Annuity means that the interest credited to your account balance is at a fixed rate (e.g. 4% per annum), set by the Company. Also, that rate usually comes with a minimum guarantee, i.e. that the interest credited will never be lower than a certain fixed rate.
A: The 'fixed' in Fixed Deferred Annuity means that the interest credited to your account balance is at a fixed rate (e.g. 4% per annum), set by the Company. Also, that rate usually comes with a minimum guarantee, i.e. that the interest credited will never be lower than a certain fixed rate.