Fixed-term annuities offer several benefits:
- Predictable Income: They provide a guaranteed income for a specific period, which can help with budgeting and financial planning.
- Flexibility: You can choose the term length that best suits your financial needs, typically ranging from 1 to 40 years.
- Security: The payments are not affected by market fluctuations, offering peace of mind.
- Potential for Higher Returns: Compared to other low-risk investments, fixed-term annuities can sometimes offer higher returns due to the fixed interest rates.