Glossary

A fixed account is the component of an annuity contract that credits a declared interest rate, supported by the assets of the insurer's general account, available within indexed annuities and variable annuities as one of the available crediting choices alongside index-linked or subaccount options. Why it matters The fixed account is the structural feature that lets a single annuity contract combine declared-rate accumulation with index-linked or subaccount accumulation. It is what

A fixed annuity is an insurance contract under which the insurer guarantees the principal and a specified or formula-determined interest crediting rate, with values not subject to direct market fluctuation, structured either as an accumulation arrangement (deferred fixed annuity) or as an income arrangement (immediate fixed annuity). Why it matters The fixed annuity is the foundational category of insurance-industry savings and income products. It includes deferred fixed annuities