31. With a fixed annuity, the insurance company promises a regular fixed return, not unlike the fixed coupon payments of a bond. 32. With fixed annuities, by contrast, all payments to the annuity holder are equal. |
31. With a fixed annuity, the insurance company promises a regular fixed return, not unlike the fixed coupon payments of a bond. 32. With fixed annuities, by contrast, all payments to the annuity holder are equal. |