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Fixed annuities are designed to help you reach your long-term goals by providing a guaranteed return for a set period of time. When you invest in a fixed annuity, you pay a lump sum to an insurance company. They then guarantee a stated rate of interest over a specific period of time. The interest accumulates on a tax-deferred basis, meaning you do not pay tax on the interest until you withdraw it or take it as income.

Tax-deferred accumulation

Generally, fixed annuities are purchased with a single payment. The account value grows tax deferred at the guaranteed rate. When you decide to take the earnings, they are taxed as ordinary income.

Choice of guarantee periods

Your money is invested for a specific period of time, which you select based on your investment time horizon.

Guarantee of interest and principal

The value of your fixed annuity increases when interest is added to your contract.

Flexible income options

You can take income from a fixed annuity in a number of ways:

  • All deferred annuities can be converted to a lifetime stream of income.
  • You may also have the option to take systematic withdrawals, the amount of which can be adjusted at any time.
  • Some fixed annuities enable the policyholder to elect an optional living benefit. Such benefits can provide certain guarantees for contract withdrawals for life. These benefits may require additional fees, charges, or expenses, and may be subject to eligibility limitations.


Old Missouri Financial Services, LLC, is a subsidiary of Old Missouri Bank. Products and services offered are not FDIC insured; are not deposits of, or guaranteed by any bank or by Old Missouri Financial Services, LLC; are not insured by any federal government agency; and involve investment risks, including possible loss of principal.