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Fixed Annuities

Fixed annuities are contracts between insurance companies and investors. Fixed annuities are very similar to Guaranteed Investment Certificates (GICs), with investment options and terms that range from daily interest accounts to guaranteed terms up to 10 years.

This type of annuity is an investment alternative if you are seeking growth of principal and interest for purposes such as retirement planning.

Fixed annuities offer the following features:

  • Guaranteed interest rate – Fixed annuities offer a fixed rate of interest guaranteed by the issuer.
  • Guarantee of interest and principal – The payment of both interest and principal is guaranteed by the insurance company.
  • Guaranteed interest income option – Interest is paid out monthly, quarterly, semi-annually or annually.
  • Penalty for early withdrawal – There may be a market value adjustment charge if withdrawals occur before term maturity.
  • Penalty for early surrender – You are assessed a market value adjustment charge if you redeem your investment prior to term maturity.
  • Avoid probate – Upon death, proceeds are paid directly to named beneficiaries – thus avoiding probate and other estate settlement costs.

We can help

At Edward Jones, we can help you reach your financial goals. Contact your Edward Jones advisor.

Important information:

Insurance and annuities are offered by Edward Jones Insurance Agency (except in Québec). In Québec, insurance and annuities are offered by Edward Jones Insurance Agency (Québec) Inc.

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