Benefits of a 7-Year Fixed Rate Annuity

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Benefits of a 7-Year Fixed Rate Annuity

Fixed rate annuities have become a trusted and secure way to invest your money. Taking an initial premium and locking it into a fixed interest rate for seven years allows your money to grow without the worry of loss due to stock market values. It may be intimidating to set aside money for seven years, but a 7-Year Fixed Rate Annuity can be beneficial to your long-term financial goals. Americo Financial Life and Annuity Insurance Company (Americo) has options including a 7-Year Fixed Rate Annuity to offer you a secure way to grow your money.

Competitive Interest Rates

One of the aspects people prefer about fixed rate annuities is the secure interest rate their annuity is locked in at for the guarantee period. In comparison to other secure options including Certificates of Deposit (CD) or High Yield Savings Account, most annuities have a much higher interest rate. Americo’s 7-Year Fixed Rate Annuity has one of the highest interest rates of our Platinum Assure Series products. Learn more about Americo’s current interest rates.

Protected Initial Investment and Growth

One of the many positive aspects to a fixed rate annuity is the protection of your money. When you purchase a 7-Year Fixed Rate Annuity, your initial investment will not be lost due to risks of market losses unlike some investment options. Your growth is also protected by the fixed interest rate you are locked into for the seven-year guarantee period of the annuity. This allows you to know exactly how much your investment will grow and plan accordingly.

Tax-Deferred Earnings

Your 7-Year Fixed Rate Annuity will not be taxed while it is growing. Taxes are not paid on your investment until money is withdrawn. This could be when you start receiving payments or in the case you choose to withdraw all of the investment. This allows your investment to compound tax free from investment growth, enhancing your investment or potential retirement income.

Purchase a Fixed Rate Annuity with Americo

For those looking to create another stream of income in their later years, or to make the most of your hard-earned savings, it may be time to consider a fixed rate annuity. It’s always important to discuss your financial plans with your partner, family members, and a financial professional to keep yourself on track. Americo is a trusted source for your financial resources, earning an “A” rating from AM Best. If you think a 7-Year Fixed Rate Annuity could benefit your financial goals, contact us today.

Americo Annuity is a marketing website representing Americo Financial Life and Annuity Insurance Company (AFL). Annuity policies are underwritten by AFL, Kansas City, MO, and may vary in accordance with state laws. Not all policies and benefits are available in every state. AFL is authorized to conduct life insurance business in the District of Columbia and all states except NY.

Platinum Assure Series (Policy Series 320) is underwritten by Americo Financial Life and Annuity Insurance Company (Americo), Kansas City, MO, and may vary in accordance with state laws. Product and rider may not be available in all states. Certain restrictions apply. Consult contract for limitations and exclusions.

A.M. Best rating for Americo Financial Life and Annuity Insurance Company (Americo), October 2021. Americo Financial Life and Annuity Insurance Company has a financial strength rating of A (Excellent, 3rd out of 15 rating categories.) A.M. Best’s rating is assigned after a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance, and business profile. A.M. Best uses a scale of 15 ratings, ranging from “A++” to “F.”