In this current financial environment of low interest rates, FDR Financial Group, Inc. is constantly searching for the most competitive products which are suitable for our clients. Several top rated insurance companies are offering attractive interest rates on fixed annuities with a time horizon of two to six years.
A fixed annuity is an insurance-based contract that can be funded either with a lump sum or through regular payments over time. In exchange, the insurance company will pay an income that can last for a specific period of time or for life.
Fixed annuity contracts are issued with guaranteed minimum interest rates. Although the rate may be adjusted, it will never fall below a guaranteed minimum rate specified in the contract. This guaranteed rate acts as a "floor" to protect a contract owner from periods of low interest rates.
Fixed annuities provide an option for an income stream that can last a lifetime. The guarantees of fixed annuity contracts are contingent on the claims-paying ability of the issuing insurance company.