What Should I Know About Rate Guarantees For An SPDA?
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Sep 15, 2020
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
The company typically specifies a guaranteed rate for one year or several years after which it can reset the rate to reflect the latest market conditions. There is usually a minimum rate the annuity will pay as well. This minimum rate may be mandated by the state insurance regulators. You should look for the most favorable guarantee you can get from a financially sound company.