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Fixed Deferred Annuities

Enjoy guaranteed, tax-deferred growth free from market volatility.

What is a fixed deferred annuity?

If you're looking for safety from market volatility, a fixed deferred annuity could be right for you. It gives you the security of a fixed guaranteed1 interest rate while the interest you earn is tax-deferred2. If you'd like to explore this option, Schwab can help you choose the fixed deferred annuity that best fits your needs.

All guarantees are backed by the claims-paying ability and financial strength of the issuing insurance company, not Schwab.

Click here for interest rates on the fixed deferred annuities offered through Schwab.


Questions about annuities? Contact an annuity specialist at 866-663-5241.

Compare Schwab's fixed deferred annuities:

  • New York Life Secure Term Choice Fixed Annuity II
  • MassMutual Stable Voyage℠
  • Midland National LiveWell Guarantee Annuity
  • Overview
  • New York Life Secure Term Choice Fixed Annuity II

    • You may choose from a range of guarantee periods, including three, four, five, six, or seven years.
    • Option to receive at least the initial purchase amount beginning on the second policy anniversary for those who purchase a policy between ages 0-85 (available immediately for those who purchase a policy between ages 86-90).4
  • MassMutual Stable Voyage℠

    • You may choose from a range of guarantee periods, including three, four, or five years.
  • Midland National LiveWell Guarantee Annuity

    • You may choose from a range of guarantee periods, including three, five, seven, or ten years.* Not available in Montana and New York. 

    *In California, Delaware, and Florida the guarantee periods are three or five years.
  • Financial Strength—Standard & Poors3
  • New York Life Secure Term Choice Fixed Annuity II

    New York Life Insurance and Annuity Corporation
    • AA+
  • MassMutual Stable Voyage℠

    Massachusetts Mutual Life Insurance Company
    • AA+
  • Midland National LiveWell Guarantee Annuity

    Midland National® Life Insurance Company
    • A+
  • Issuer
  • New York Life Secure Term Choice Fixed Annuity II

    New York Life Insurance and Annuity Corporation
  • MassMutual Stable Voyage℠

    Massachusetts Mutual Life Insurance Company
  • Midland National LiveWell Guarantee Annuity

    Midland National® Life Insurance Company
  • Minimum Initial Purchase at Schwab: Non-qualified and Qualified12
  • New York Life Secure Term Choice Fixed Annuity II

    • $100,000
  • MassMutual Stable Voyage℠

    • $100,000
  • Midland National LiveWell Guarantee Annuity

    • $100,000

Note, these fixed deferred annuities are single-payment contracts; additional purchase payments not permitted.

See more fixed deferred annuity comparisons.

Maximum issue age
Initial interest rate guarantee period¹
Interest rate renewal options
Interest rate crediting bands
Penalty free withdrawals²
Automatic withdrawals²
Surrender charge schedule
Death Benefit
Additional features

What other factors should I be aware of when considering a fixed deferred annuity?

Fixed deferred annuities can also have surrender charges (a charge on an early withdrawal based on the time period of the policy or cancellation of the policy) and some contracts may impose a market value adjustment if you make a withdrawal during one or more of the guaranteed periods you can elect under the policy. Generally, any withdrawals in a given year that exceed 5% - 10% of your account value (based on the contract you select) will be subject to surrender charges and/or a market value adjustment.

Withdrawals from a fixed deferred annuity will reduce the value of your annuity and can be subject to ordinary income tax. Withdrawals prior to age 59½ may also be subject to a 10% federal tax penalty.

In a fixed deferred annuity, you may elect to withdraw your money at the end of the surrender charge period in a lump sum or you may want to annuitize and select a lifetime income option, which provides you with a flow of income that you cannot outlive. Alternatively, funds may be kept in the annuity to accumulate at the renewal rate until a need for the funds arises.

Questions? We're ready to help.