Immediate Fixed Annuity - FIXED INDEX ANNUITY DEFINITION
Income NOW riders on fixed annuities are the most flexible. You are NOT annuitizing and the income can increase when the fixed annuity increases. The income can be stopped and restarted. If the fixed annuity yields 8% one year, you can take that out instead of the income rider payment. You'll enjoy much more potential and a guaranteed income. Fixed annuities can easily be annuitized (immediate annuity) in the future if base interest rates increase substantially as they did briefly in the early 80's. The year 1982 was the best time to buy a life income annuity also known as an immediate annuity.
