Series 6: 6.1. Fixed Annuities

Taken from our Series 6 Top-off Online Guide

6.1. Fixed Annuities

Fixed annuities are often compared to CDs (certificates of deposit) because they have similar features. In a fixed annuity, the customer’s investment is deposited in the insurance company’s general account. This means that the insurance company is responsible for investing the customer’s money as it sees fit and for providing a fixed payment over the customer’s life. The insurance company thus bears the investmen

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