Fixed and Variable Annuities
Thursday, March 5th, 2009
Have you heard of Guaranteed Annuity? In insurance, there are actually two kinds of annuities: Fixed and Variable.
The annuity that gives and provides you with a principal and interest that is 100 percent guaranteed is called Fixed Annuity. A policyholder�s principal earns the current level of interest that will never go below the minimum specified in the annuity contract. On the other hand, Variable annuity gives you the chance to invest in different separate contracts that are being run somewhat the same to mutual funds that gives you the opportunity to get your own professional money management with current tax-deferrals.