What Would Be Considered A Disadvantage Of Owning A Fixed Annuity? 
The major disadvantages of a fixed annuity are : the accumulation is set at a fixed interest rate and does not always keep pace with changes in the market . The owner of the annuity doesnt have any control over the investments that underlie the annuity . When the annuity is converted to lifetime income all control over the value of the annuity is released . These can be seen as disadvantages or advantages depending upon the need of the consumer . 