Question: What is a fixed-rate annuity, and how does it differ from a variable annuity? Does the type of contract (fixed or variable) have any bearing

What is a fixed-rate annuity, and how does it differ from a variable annuity? Does the type of contract (fixed or variable) have any bearing on the amount of money you’ll receive at the time of distribution?

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A fixed rate annuity is an annuity in which the insurance company safeguards your principal and agre... View full answer

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