Primarily used in structured settlement planning situations when newly issued
Guaranteed fixed income for a known, fixed period of time
Primary market fixed term annuities are also referred to as period certain annuities.
An example of this is a 20 year guaranteed income stream that pays to you or to your beneficiary regardless of your lifespan, and at the end of 20 years, the payments stop.
- Lower yield, carrier-direct newly issued annuity contracts
- Typically used in newly issued structured settlement situations and for fixed income planning scenarios
- Can be tailored exactly as needed to suit