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What is a fixed vs. variable annuity?

Key takeaways Annuity: A long-term contract with an insurance company designed to convert a lump sum or series of payments into a steady stream of future income. Fixed annuities: Guarantee a minimum interest rate with […]

What is a fixed vs. variable annuity?

Key takeaways Annuity: A long-term contract with an insurance company designed to convert a lump sum or series of payments into a steady stream of future income. Fixed annuities: Guarantee a minimum interest rate with […]


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