Fixed-indexed annuities are financial products designed to protect and grow your money, and then provide a stream of guaranteed income.
How do fixed-indexed annuities work?
You may be asking yourself, “what is a fixed indexed annuity?” Fixed-indexed annuities provide you with the unique opportunity to grow your money based on positive market performance—without the risk of market loss. Some even offer the opportunity to add a rider to help maximize your income potential or the legacy you leave for your beneficiaries.
What are the advantages?
Protection from loss
Regardless of market conditions, you won’t lose the money you contribute to your fixed-indexed annuity unless you take a withdrawal or surrender your annuity during its early withdrawal charge period.
Interest is credited to your fixed-indexed annuity at the end of each term. Once interest is credited, it’s locked in and protected from future market declines.
When you’re ready to turn the money you’ve accumulated in your annuity into guaranteed income, you can select from a variety of options, including payments that will last for the rest of your life.
Take your financial future above and beyond
If you’re looking to protect your principal while potentially earning higher interest rates than other financial products, a fixed-indexed annuity may be the right choice. If you're interested in other benefits, we also offer immediate, fixed and registered index-linked annuities.