Series 7: 8.1. Fixed Annuities

Taken from our Series 7 Online Guide

8.1. 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 into the insurance company’s general account. This means the insurance company is responsible for investing the customer’s money as it sees fit and for providing a fixed payment based on the amount of the customer’s deposit over the c

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