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USAA Life Insurance Company Introduces Three Year Fixed Guaranteed Growth Annuity
Annuity will help investors maintain a standard of living in retirement
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SAN ANTONIO, Dec. 14, 2020 /PRNewswire/ USAA Life Insurance Company announced today the introduction of a three-year Fixed Guaranteed Growth Annuity (FGG3) product available to USAA members directly through USAA.com or a USAA Retirement Income Specialist.
Fixed guaranteed growth annuities are a type of deferred annuity that provide a guaranteed interest rate for a fixed period of time. In the case of the FGG3, it provides a fixed guaranteed interest rate for the first 3 years of the contract, a short 3-year surrender-charge period, and critical care withdrawals that can provide access to the account value without a surrender charge for nursing home, assisted living or home health care services.