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Fixed Immediate Annuity

A fixed immediate annuity is a type of immediate annuity that has determined benefit payments defined by the insurance contract.  The beneficiary does not participate in any investment risk; all investment risk is borne by the insurance company.

The benefits under a fixed immediate annuity may be unchanged over the benefit period, adjusted by a cost of living adjustment, or “COLA” or adjusted for inflation, linked to the CPI.

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