Posts Tagged ‘ fixed annuity ’

AARP Fixed Annuity: An Option for Senior Citizen Financial Security

May 8th, 2010 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

AARP has again partnered with New York Life Insurance and Annuity Corporation to offer a fixed annuity, with an interest rate guaranteed for five years.  The program is available to AARP members ages 50-85 and spouses ages 45-85. Fixed annuities are just that:  a legal agreement that the insurance company will pay the senior citizen [...]