How Do Fixed Rate Annuities Work?

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   Bob VineyardPRO

   Founder, Georgia Medicare Plans, Atlanta,GA

   Fixed rate annuities pay a stated return (interest credit) on the net deposits held by the carrier. Some plans will guarantee an interest rate for a period of 1 - 5 years. They may also illustrate a projected rate with a disclaimer that your actual rate may vary. Most plans have a minimum guaranteed rate.

   Answered on June 3, 2013

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