How Do Annuities Pay? 
Tax deferred fixed annuities pay a guaranteed interest rate for a guaranteed period of time . Interest rates are constantly changing so its important to check with a brokerage annuity companies that display several insurance companies . As of this posting : 5 year rate is 2.85 % , 7 year rate is 3.20 % and 10 year rate is 3.45 % . Also check the insurance company to see if they are filed in your state . 