Guaranteed Rates of Return with a previously owned annuity

A fixed annuity is designed to provide the investor with monthly payments which are designated to be dispersed during a certain period of time or over a certain period of years. For example a large sum of money can be dispersed through monthly payments over a five-year, 10 year or 20 year annuity plan. The money can also be deferred until later in life and can be dispersed through monthly payments during their retirement years.