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About: Fixed annuity     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Company, within Data Space : dbpedia.org associated with source document(s)

Type: company New Facet based on Instances of this Class

Fixed annuities are insurance products which protect against loss and generally offer fixed rates of return. The rates are typically based on the current interest rate environment. They are offered by licensed and regulated insurance companies. State insurance/insolvency funds guarantees vary from state to state, and may not cover 100% of the Annuity Value. For example, in California the fund will cover "80% not to exceed $250,000."