Fixed Annuities Yield Guaranteed Returns
Reno fixed annuities are essentially CD-like investments offered by insurance companies. They pay guaranteed rates of interest for a specified amount of time, which in many cases offer higher interest rates than banks. Fixed annuities in Reno and Sparks can be very appealing to those investors or individuals weary of the stock market’s ups and downs. What also makes them appealing are their low investment minimums.
Many factors play into fixed annuities:
- Fixed Annuity Rates
- Initial Rate versus Permanent Rate
- Age of Client
Reno fixed annuities can be deferred or immediate. Deferred annuities accumulate regular rates of interest while immediate annuities are fixed payments which are determined by your age and the size of your annuity. Determining when you need the money you are investing will help to determine which annuity is right for you.
The convenience and predictability of a set payout makes a fixed annuity a popular option for retirees who want a known income stream to supplement their other retirement income. If you are having troubles determining how you should be investing, call Heuer Insurance for fixed annuities in Reno, Sparks, and all of Nevada.
Heuer Insurance also offers term life insurance, universal life insurance, return of premium life insurance, fixed annuities, key man life insurance, and more – as well as policies for residents of Sparks and all of greater Nevada.