An annuity that guarantees a specific rate of return. In the case of a deferred annuity, a minimum rate of interest is guaranteed during the savings phase. During the payment phase, a fixed amount of income, paid on a regular schedule, is guaranteed.

"Fixed Annuity" In Context

"Fixed annuity sales for 2011 totaled $75.6 billion, down 1.1 percent from $76.4 billion in 2010, according to Beacon Research. Fixed annuity sales for the fourth quarter dipped 8.8 percent to $17.3 billion from $19 billion during quarter three, but were ..."