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Glossary

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  F
Fixed Annuity
A tax-deferred annuity that guarantees you will earn stated or declared rates of return during the savings phase. When you convert this money into income payments, you will receive a fixed amount of income on a regular schedule.
Flexible Premium Annuity
An annuity that accepts periodic contributions, which can usually be made at any time (as opposed to single premium).
Free Look Period
Period of time after an annuity contract is issued and delivered (usually between 10 and 30 days) when the owner may cancel the contract and receive either their initial payment or the current value of the annuity contract. State rules vary.
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