High Interest Annuities A Fast-Growing Success
Everyone is looking for a solid investment—a way to use their money to make money, to watch it grow. For those who are looking for a guaranteed, tax-deferred investment, look no further than a high interest annuity.
High interest annuities are often considered by financial experts to be a good investment—better than CDs and other loan-based options. High interest annuities produce a guaranteed rate of return, come in a variety of types, and provide income options for a lifetime, according to a new article by InsuranceAgents.com, “High Interest Annuities: A Guaranteed Success.”
Two of the most common types of high interest annuities are variable and fixed. With a fixed annuity at a high interest rate, the investor’s money is put into an account that sells the annuity, and the investor is guaranteed a fixed rate of return.
But while fixed annuities are growing in popularity, most investors opt for the high interest variable annuities. Why? Because although they are considered riskier, variable annuities typically produce rates of around 10 to 14 percent, making them a more lucrative investment.
But whether an individual goes for a fixed or variable high interest annuity, there are three main benefits to investing in them:
• Income options for a lifetime
• Withdrawal allowances
To find the best quality high interest annuities, investors should first do their research and consult with different insurance agents to sift through the wide variety of annuities and find the one that best suits them.
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