The best replacement for fixed annuity is cd.

The best alternatives to fixed annuity are rated as following:
★★★★★  cd
★★★★  variable annuity
★★  variable
★  immediate annuity
★  fixed index annuity
  certificate of deposit
  equity index annuity

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Speaking about fixed annuity, one probably shouldn't forget about death benefits.

Other search terms related to fixed annuity and their ratings are:
★★★★★ death benefits
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fixed annuity
cd
variable annuity