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Fixed Benefits

What Does Fixed Benefits Mean?

Fixed benefits are monetary payments that are delivered to the beneficiary of an insurance policy on a finite schedule and fixed amount. This means that the amount of money paid is determined by the policy and is not subject to changes.

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Insuranceopedia Explains Fixed Benefits

Many life insurance companies offer policies with fixed benefits as a form of financial planning, allowing policyholders to receive a fixed income during their retirement years.

In order to receive fixed benefits, a policyholder may have to pay into an annuity.

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