Known as the Guardian Fixed Target Annuity, the single premium fixed deferred annuity enables customers to choose from multiple guaranteed interest periods. Apart from this, the policy offers flexible renewal and withdrawal options to help generate income for retirement.
Furthermore, the Guardian Fixed Target Annuity does not have any market value adjustments on withdrawals made before maturity, providing customers with transparency into what to expect out of his or her retirement income stream.
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A policyholder can know the end value of his or her investments based on the interest rate applied and the time until maturity.
Guardian retirement solutions vice president Douglas Dubitsky said, "There are a myriad of factors individuals need to consider when preparing for retirement."
"The Guardian Fixed Target Annuity is the latest in a suite of annuity products that Guardian offers to help Americans reduce volatility risk, add stability to their investment portfolio, and prepare for a financially secure retirement."
At the end of the selected maturity period, the investor can decide to renew the Guardian Fixed Target Annuity into any available guaranteed interest period or to transfer into the one-year guaranteed interest period, which allows an investor to withdraw any amount during the period free of surrender charges, allowing for added liquidity.
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