Skip to main content
Annuities

Fixed annuities

A fixed annuity guarantees a fixed interest rate or interval of payments over a specific period of time. Fixed annuities can be deferred or immediate.
Predictable growth for your future

Deferred vs. immediate

Deferred

  • objective
    Accumulate assets for a guaranteed stream of income on a deferred basis
  • purchasing method
    Single premium or multiple premium payments

Immediate

  • objective
    Access a guaranteed income stream on an immediate basis
  • purchasing method
    Single premium payment

What are the advantages of a fixed annuity?

  • Security
    Provides principal protection and guaranteed minimum values, backed by the strength of the issuing insurer.
  • Ability to bypass probate
    When properly structured with a designated beneficiary, a fixed annuity can help your loved ones avoid probate and receive the death benefit more quickly.
  • Liquidity
    Enjoy annual penalty-free access to a portion of your annuity while the remaining value continues to grow.
  • Income
    Offers guaranteed income through annuitization for your lifetime, a specific time period or a combination.
  • Tax deferral
    Interest is not taxed until your money is distributed, when you may be at a lower tax bracket, allowing you to earn on your premium, interest and the money you would have used to pay taxes.

EquiTrust offers a variety of fixed annuities, including:

Multi-year guaranteed annuity (MYGA)

Explore

Traditional fixed annuity

Explore

Single-premium immediate (SPIA) annuity

Explore

Fixed index annuity (FIA)

Explore

Guarantees are based on the claims-paying ability of EquiTrust Life Insurance Company. Withdrawals before age 59½ may result in a 10% IRS penalty tax. Withdrawals do not participate in index growth. In the event of a full surrender, charges will apply to any penalty-free amounts taken during the same contract year.