Many people think that as the annuity is fixed so accumulation rate is inflexible
. However, this is not the case. Further, it also does not mean that they involve no risk. In addition to this, base guaranteed rates are offered for the fixed annuities. This makes the products less risky. This is because it offers an adequate safety net for investors of fixed annuities. In essence, fixed rate annuities can be a good option for some investors to invest in. There are various benefits of fixed annuities. If you are close to your retirement or have already retired, then you should consider looking at these type of fixed annuity products.