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A Fixed Annuity is an insurance company product that
provides a safe, secure way to accumulate money and to assure a reliable
income at retirement. Fixed Annuities offer compounding interest at
competitive annual rates, as well as safety of principal. There are no
annual fees, administrative fees or sales charges, so 100% of your money
goes to work for you immediately*.
The
money in your Fixed Annuity is designed to supplement your retirement
income; however, some contracts may allow you to take a loan at a low
interest rate should you choose to access your funds. Loans are subject
to minimum and maximum amounts and there are repayment requirements.
Our
primary Fixed Annuity companies are the Life of the Southwest, Great
American Life Insurance Company and ING/Northern Life.
* Typically, a
surrender charge will apply if a distribution is requested within the
first several years of the contract. Please read the contract carefully
to assess what the surrender schedule is.
* Fixed annuities are guaranteed
by the insurance company issuing the contract and are only as secure as
that guarantee.
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